BUY AARTI DRUGS(W) above 510 for 40% upside. Inverse Head & Shoulder breakout confirmation will lead stock to test 620 to 700 and above. Moving averages showing golden crossover while volumes over buying side increasing exponentially.
📊 Details
Established in the year 1984 and a part of $1000 million Aarti Group of Industries, Aarti Drugs Ltd. (ADL) is engaged into manufacturing and selling Active Pharmaceutical Ingredients (API's), Pharma Intermediates, Specialty Chemicals as well as Formulations.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI...
After a long period of time stocks is moving. A gap-up and breakout on 520 level with high volume indicating stock is accumulating by investors. Stock has also corrected a little from the high level and being ready to move again.
Good time to take a position or swing trade. Maintain STOP LOSS.
Please go through the chart to get the stop loss level and target and...
We had an earnings gap up post which we can see a mini vcp formation near the trendline as depicted by the arcs..!! Now we also have a small shakeout in the base that is forming . the stock looks set for a nice leg of up move..can be a candidate for a continuation buy
NSE:AARTIDRUGS viewpoint
the stock has given good breakout on weekly time frame around 440 levels
cmp is 510
target can be 30% gains in short term
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
BUY - AARTI DRUGS LTD
CMP - Rs. 510
Target - 1: Rs. 714
Target -2: Rs. 903
SL - 405
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Timeframe - 1-2 years
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Technicals - Descending Channel Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
On the #AARTIDRUGS daily chart, there is a downward trend line breakout with good volume. please keep it on your watchlist. The reversal is also confirmed by the #Nifty/AARTIDRUGS #Ratiochart.
From December 1, 2022, I compared AARTIDRUGS to the #Nifty and its peers in the sector and found that it outperformed the Nifty but lagged behind of its sector peers....
📊 Pattern: Rising Channel
📌 Symbol/Asset: AARTIDRUG
🔍 Description:
If bounce back from support it may touch 500 levels.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
