AARTIDRUGS trade ideas
Potential Breakout - LONG opportunity in Aarti DrugsI always try to keep simple, be part of sector that is showing strength i.e CNXPHARMA.
After a solid Base, Stock is breaking out with volumes.
One can go long at current levels with a SL of 730.
Disclaimer: I have positions , so do your own due diligence before investing , Good luck! :)
AARTI DRUG--Fly Into Pieces--6 Month Breakout Biggest Breakout Ever In aarti Drugs ....After giving bonus we saw profit booking and from last 6 months its was Consolidating in 600-740 range ...now today it gave breakout with unbelivebale rally....
U can buy it with SL of 735-730
It might test levels of 780..Good Byuing levels
For Short Term TARGET 870-890..IT can give this targets in Tommorows Session
For Long Term TARGET 1200-1300..
AARTI DRUGS : Nice BUY coming on BOMy wave analysis suggest a nice BUY coming on BO.
Short term : Yellow arrow
Medium Term : Pink arrow.
Trade with care.
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Also, this is analysis, not a trade set up call - please be aware of this..
Happy Trading.
Aarti Drugs – Flag and Pole BreakoutFundamentally Stock looks over valuated (288crs TTM Profits *20 times) 4560crs vs Market Cap 6,740crs
Even at 30x Market Cap should be around 6840crs
Technically Stock has shown Flag and Pole Breakout on Monthly chart.
Target - 870
Stoploss – 625 (Weekly Close)
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Falling Wedge formation in Aarti drugsThe stock has formed a Falling wedge kind of Price pattern which is signalling the correction is over for the stock. Any breakout above the price of 730-732 can lead the price to the level of 7%-10% upside in the stock. Stoploss should be mantained below 707 for aggresive traders and below 690 for conservative ones.
Aarti Drugs - 10% upside in short termDate: 03 March 2021
Time: 01:10 PM
Aarti drugs looks good for buying. Interestingly Nifty Pharma index is currently forming a double bottom pattern. I believe while pharma index will complete the pattern formation, in the meantime Aarti Drugs will go up. Targets and stoploss are given in the chart.