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📊 Intraday Support & Resistance Levels (15-Minute Interval)
Based on recent technical data, the following are the key support and resistance levels for AARTIIND:
Support Levels:
S1: ₹466.67
S2: ₹464.97
S3: ₹462.22
Resistance Levels:
R1: ₹472.17
R2: ₹473.87
R3: ₹476.62
These levels are derived from Fibonacci pivot point calculations and are pertinent for intraday trading decisions.
📈 Technical Indicators Overview
Trend Analysis: The stock exhibits a bullish trend in the short to mid-term, with resistance noted around ₹486.90 and support near ₹420.40.
Moving Averages: AARTIIND is trading above its 50-day moving average, indicating upward momentum.
Relative Strength Index (RSI): The RSI is approaching overbought territory, suggesting caution for new long positions.
✅ Trading Strategy Suggestions
Long Positions: Consider entering if the price sustains above ₹472.17 (R1) with strong volume, targeting ₹476.62 (R3).
Short Positions: If the price falls below ₹466.67 (S1), it may test lower supports at ₹464.97 (S2) and ₹462.22 (S3).
Stop-Loss Recommendations:
For Long Trades: Place a stop-loss below ₹466.67.
For Short Trades: Place a stop-loss above ₹472.17.

Based on the elliottwave it still has not completed 5th wave of wave c.
Educational purpose only

Good at 460
