AIAENG NSE:AIAENG looking bullish from current market price but there is resistance at the level 1790 and once stock able to close above 1800 then we can enter in stock to buy there is support at the level 1580.
Following observations suggests to reduce any positions in AIAENG:-
--> Violated the lower end of the rising channel
--> Red ichimoku clouds have started forming for the first time(need to study about ichimoku clouds more)
--> Violated the Bollinger bands
--> RSI is showing loosing momentum
Retracement levels suggests a retest of Rs. 1190.