Aarti Surfactants LtdAarti Surfactants Ltd
Incorporated in 2018, Aarti Surfactants
Ltd is in the business of Home and personal care ingredients
Fundamentals:
Market Cap₹ 719 Cr. Current Price₹ 850
ROCE14.8 % ROE11.5 %
Profit Var 3Yrs0.96 % Sales growth 3Years8.19 %
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Trechnicalanalysis
Nifty will troll as investor wealth will fall.
EXHAUSTION GAP IN NIFTY.
NIFTY 14/04/21 gap will opens higher and closes lower, leaving a large red-colored candle, depicting a tremendous amount of selling.
Notice how the price action shown in this chart is trending higher prior to the exhaustion gap, and the gap and following price drop appear to break the most recent trend.
Whatever was driving these buyers to purchase the stock at these prices was drawing the attention of many potential investors. Once the price reached its highest level, then it was as if there were simply no more buyers to push prices higher. Corona factor build up fear in investors and people started exiting their position.
The principle behind an exhaustion gap is that the number of likely buyers has diminished and sellers have aggressively stepped into the market. The buyers may be largely exhausted implying that the upward trend is likely about to stop as sellers take profits from a previously extended rise in the price of the stock.
The exhaustion gap has three particular features.
1. Several weeks or months of upward trend in the share price of a stock.
2. A sizable gap between the lowest price of the day previous and the highest price of the most recent trading day (roughly half the range, or better, of an average trading day for that stock).
3. An above average degree of trading volume taking place on the current day.
When these three components all exist in a two-day price pattern, it is usually referred to as an exhaustion gap and technical analysts expect that this signal implies prices will trend lower over the days and weeks ahead.
Exhaustion gaps can be difficult to identify and may be easily confused with runaway gaps.
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