Aartu drugs, oppurtunity to short.Short Aarti1 drugs, descending triangle on weekly and daily charts.
Enter at 642, target : 513, Stop loss: 708
AARTIDRUGS trade ideas
SHORT INTRADAYShort below 701.9 with SL 703 for TGTS of 696 and below 695 for 690-85..
Just a view better consult a professional.
Double bottom pattern formed in aarti drugs Buy buy buy aarti for a long period of time at liest 4 to 6 months on green buying area
AartiDrugs swing TradeIT will be good stock for swing best price to catch at 716 - 718 near Anchored-VWAP will touch its resistance again ,if it able to break the zone will be rocket in short time . Stop loss can be nearest swing low at 708 or one can take SL as supply zone for safe side. Risk Reward is good in ration , for aggresive traders one can enter on the formation of Higher-low with 25% Qty as per Risk management . and if price touch 716 may take long from there .
LONG aroundLONG around 730 -736 for TGT of 765 SL below 725 on CL basis of 30mins candle.
JUST A VIEW BETTER SEEK PROFESSIONAL ADVICE..
Buy AARTIDRUGSTrade Setup: After taking support at 89DSMA, it started rising again. It gave an entry signal on Dec 3 at 742.. It can still be bought here for targets 850, 920 and 1020.. Fresh entry can be taken above 812.
NSE:AARTIDRUGS
Buy Price: Above 812
SL: As mentioned in Chart
Target: As mentioned in Chart
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
Okay, grreat stuff on Aarti drugs. So, that trend line is proving to be super important for Aarti drugs.
Why? Let's see.
Aarti Drugs always faced resistance at that trend line. Indicated by the white arrows are all the attempts the stock made to break the resistance.
Indicated by the first green arrow is the successful decisive breakout from the trendline.
Then what happened? The stock fell, due to possible profit booking.
But if one goes by theory, then the previous resistance line becomes the support line.
And that is EXACTLY what has happened.
It has reversed from around the same levels of support.
Go long in the scrip.
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NSE:AARTIDRUGS
Aarti Drugs is attempting a breakoutAarti Drugs is attempting to breakout from a trendline where it has found resistance before. The last time the trendline was decisively broken, the move was unbelievable.
Go long if decisive break.
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NSE:AARTIDRUGS
