AARTIDRUGS trade ideas
AartiDrugs - Weekly Chart AnalysisFirstly the stock have retraced to 50% and broke the down trendline and marks the end of downtrend with either sideways or an uptrend. The new swing high is formed with gap away candle.
Now here, 2 possibilities can occur. Either it fills the gap and test previous resistance which shall act as a support this time (484-506). Once the stock test these levels and shows buying coming in you can enter here with an SL of close below this levels.
Or
The stock may consolidate here for sometime and continue upwards testing the near resistance again 615-628 and a close above these levels would take it to the next stop at 725-770 levels. The main supply zone is 770-930.
The stock is trading above all its key moving averages.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter do your own due diligence and trade at your own risk.
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Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%
SL can be Maintained below Breakout Candle
Rule 1 : Never Do Averaging if the Stock moves down ; One can Add more Qty if Stock moves Up
Rule 2 : On result day trail your SL at 15Min Time Frame
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Channel with Rounding Bottom
📌 Symbol/Asset: AARTIDRUGS
🔍 Description: Stock has given btrakout of falling channel and now prices are at law of polarity. After breakout we may see huge upside.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
AARTIDRUGS | Swing Trade📊 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 registered analyst.
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AARTIDRUGS good time to enter!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 understand it visually.
AARTIDRUGS --- 30% POTENTIAL upside in short term 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 TODAY SELL TOMORROW for 5%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 the rest of the time they either consolidate or fall
Trendline Breakout in AARTIDRUGS
BUY TODAY SELL TOMORROW for 5%