artiindustry is good to govery strong upmove is waiting
recent low formed at 61 level and broke recent resistance
AARTIINDH2021 trade ideas
Trendline BreakoutOn weekly timeframe, stock breaks out the triangle pattern with good volume. at same the time takes the 20EMA support, it is just below the weekly candle. probable next move would be upside with first target of 910 levels.
Risk: keeping the stop loss below the green candle or below the 20 EMA would be better.
M U L T I P L E S U P P O R T Z O N E AARTIIND fut is trading at multiple support zone of 480-483, it bounced multiple time from these levels.
Risk:Reward Ratio is in the favour of bulls.
Could be bought with mentioned stoploss & targets.
AartindAartind has been falling since 149 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Traget: 707.75
reliance bear trap reliance has been falling since 74 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Target: green line
Book Profit in Aarti Industries. It has recently reached its 2:1 Profit Ratio. Its safe to exit for now and wait for the next short to enter.
AARTIINDIA - ready for up movementI see a bullish flag pattern. wait for the breakout tomorrow (8.7.2021)
AARTIIND FLAG FORMATION BREAKOUT IF, THIS CROSSES THE 1802 LEVEL.
THE FIRST TARGET IS 2034.70
THE SECOND TARGET IS 2106.
Warning:-This presentation is for educational purposes only
