Ariesagro
Aries Agro cmp 315.15 by Weekly Chart view*Aries Agro cmp 315.15 by Weekly Chart view*
- Support Zone 225 to 240 Price Band
- Stock trading between Price Range of 225 to 330 since Jan 2024
- Stock Price is steadily trending over the Rising Support Trendline
- Weekly basis Support at 254 > 195 > 140 with the Resistance only ATH 342.70
- *7+ odd years long timeframe Bullish Cup and Handle with neckline at Support Zone*
ARIES AGROOn the larger time frame what is visible is a VCP
Close to the multiyear resistance, a breakout here would mark the beginning of a fresh new trend. The fundamentals look decent too.
On the lower time frame a darvas box is being formed. Accumulation is taking place within the box. Time would decide when the breakout comes to light.
ARIES review - 318 from 200, 60% gains in 50 daysNSE:ARIES
Buy was initiated when the price was howering around 200 on 11th Dec
now it made a high of 318, giving awesome 60% profit in just 50 days
earlier too, buy was initiated on 28th Nov 2021 when price was 133 and it made a high of 239
80% profit
one can check both the posts
now we will wait for another opportunity to enter
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
ARIES review - from 138 to 242 and now at 200reviewing NSE:ARIES chart posted on 28th Nov 2021 when the price was 138
thereafter it made high of 242 giving awesome 75% gains in Dec 2022
and now trading at 200 which is giving another opportunity to make handsome gains again
in comng months it is expected to cross 300
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 28th Nov post given below
ARIES : Trendline Breakout Momentum Trade#Aries : Momentum Trade
>> Clearly a Trendline Breakout and can continue the momentum
>> Currently Low Volumes but Volumes can spike any day and can give good Volatile move
>> Take 10% and Keep Trailling
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ARIESNote:
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