A good fundamental stock. At strong support area . if it holds this on monday also. We could see 1000++ again .
Time frame 1 day. There are no doubts about the fundamentals of this security but due to its poor quarterly results, the stock is falling for the last 3 days. Today it fell nearly 6% and some institutional player has sold in large quantities as we can see in volume. This seems to be in good valuation below 900 but at the same time, you can accumulate this stock...
Enter Aarti around 895, I have already entered at 895. Already had a healthy correction of 24% Horizontal line, trend line and 200 DEMA support a this point. SL: 875 Traget: 954, 1038, 1160-1190
LOOK FOR BREAKOUT WITH POSITIVE VOLUME, CMP ON STRONG SUPPORT ZONE. TARGETS AS PER CHART
Longterm Bullish Short term need confirmation as its below 8D EMA Filling the gap currently. S/R Marked FIBO levels Marked.
Aarti Ind. now looks in the accumulation range. Expect wave (iv) to terminate around this support level. Wave 5 rally might cross 1200+
AARTI INDUSTRIES has recently broke major neckline on Weekly chart with volume. One can consider the stock for the investment for the given targets of (1275-1300) / (1375-1400) / (1430-1455) with the support @ 1070
Daily Long Term S/R levels marked. Further study is recommended. Price Retracing back to 200 DMA mark around Rs 850. Seems FII's offloading and retail buying. CAUTION !!! on 29Jan2020 seems FII offloaded major chunk to retail.
Dark cloud cover, channel breakout will lead t correction.
Everything is in the chart.
aartiind can be bought at breakout of 920+ for target 1050 and SL at 895 Its in clear uptrend channel
We short in 2nd trade at 915 and booked and target given 839. Our first trade was on this stock from 785 and booked profit 904 please comment if you have any queries.