Current price correction of 43% and finding support at 61.8% FR Retracement level are in line with past major corrections. RSI is also turning from its historical Oversold zone. The stage is set for a turnaround in the stock. One can look to invest for a longer term target of a new all time high on the stock with a stop loss of Rs.650!
r : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands...
NSE:AARTIIND
look at this beautiful setup aarti industries stock in down trend consolidation phase where at same time we can see strength in RSI as divergence.
look at current resistance, one can long after this breakout, stop loss previous swing low on closing basis. First target above resistance and above that resistance long way to go.
******whatever charts...
AARTI IND looks good for an up-move, can see nice double bottom with RSI divergence. It has to close an HRly candle above 727-730 levels to give confirmation on the upside, post which the target can be 800+
Aarti industries is a fundamentally strong bullish stock is in the best possible correction zone following the three drive pattern. As per my analysis this is the best time to buy as it is near 1.618 retracement phase.
Vanakkam Makkale, long time no see😂😂. Yep but market is still volatile only, anyway we got Aarti Industries for swing or short term but with proper stoploss. As i always say whatever we do must follow risk reward and money management.
Thank your following and if u have any doubts, do comment below😊❤
Oscillators are most useful and issue their most valid trading signals when their readings diverge from prices. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end...
Kindly refer chart for trades
Stock PCR is at 0.394 which makes it strong bullish
Though the trend is not supportive for an upward movement if one closely looks at the price action on a daily time frame there can be a reversal trade as a consolidation zone has been formed and if we get a breakout on the upside then one should definitely initiate the trade.
stock reached a good confluence support of white channel and yellow pitchfork.........green candles in the last two days confirm buying interest.....Stock can be bought for quick gains of 10 to 15%, if not more..
buy AARTIIND at 800 levels
It gives perfect W pattern reversal
Let it retrace til 800 levels then you can initiate long position
Volumes also look decent
Swing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
Aarti Industries - at Crucial Level if it breaks the 720 downward... big fall will be there...
If it crosses the 800 level, it may bullish - 1st target will be 1000
Educational purpose ...
![AARTIIND: [ Positional ] AARTIIND BUY TRADE](https://s3.tradingview.com/h/H4WLWN6m_mid.png "[ Positional ] AARTIIND BUY TRADE")
