HELLO FRIENDS I AM AGAIN WITH A NEW IDEA. FRIENDS I HAVE AARTI DRUGS CHART PATTERN HERE .FRIENDS IT IS MAKING A DOUBLE TOP CHART PATTERN . ITS SUPPORT PRICE IS AT RS 2231 AND RESISTANCE PROCE IS AT RS 2369 . ITS TARGET FOR DOWNWARD YOU CAN TAKE IS RS 1888 . AND TARGET FOR UPWARD YOU CAN TAKE IS RS 2554 . ALSO FRIENDS FROM MY OPINION I THINK IT CAN GO UP . THANK...
A pullback to the 50 dma would be a good place to start building a position. TTME are up 100%, if the earnings keep surprising on the higher side, we can see more upside in this stock. too early to tell now
Waiting for a pullback to enter this stock
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. The stock broke out of a 5 year high with extremely high volume which is seen after 5 years. it's a good sign. on the daily chart, you will see up days are on higher volume and down days...
AARTIDRUGS HAS GIVEN A BREAKOUT AFTER FIVE YEARS OF CONSOLIDATION.
A HIGH VOLUME BREAKOUT INDICATES PROFESSIONAL BUYING AND WAIT FOR A RETEST ON LOW VOLUMES TO GET THE CONFIRMATION
THIS IS A LONG TERM BUY SIGNAL
MAINTAIN YOUR POSITION AS LONG AS HIGH VOLUME SUPPORTS THE PRICE
Aarti Drugs has broken his previous 5-6 years of rang bound movement and finally, the up-trend seems to be resumed.
It would be wise to wait for some pullback and then enter. I would be watchful at 875-880 levels to enter. (Refer daily chart, this level acts as a previous top)
Stock is volatile so stop loss can be kept on a closing basis or some additional risk...
Aarti Drugs has been trading in the same zone for the past 5 years.
It is on the verge of breaking out of its monthly resistance zone.If monthly candle closes above the resistance then I will go long with a 15-25% target view. Keep it in your watchlist. NSE:AARTIDRUGS
Still trying to judge the company fundamentally but technically the stock has broken out of a multi year breakout.
The volumes seem to support the breakout and it could quickly do 1050. SL below 795.
I also like the pharma sector overall as a long term play so my view could be a little biased. For a long term target i am trying to study the fundamentals so...
Aarti drugs is on the verge of multi year breakout of long side ways zone.
Please refer the chart.
Supply zones @ (940-971) / (1100-1130) / (1240-1280)
Demand zone @ (784-810)
Major demand zone @ ( 688-706)
