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Analysis is given in Chart.
Bottom is confirmed!
Taking a risk in Arcotech @ 114 will go for position as stock has given gap-up move today. Suggesting Sl 97 and keep target 125 & 148
Share has formed Marubozu Pattern (shown in black box) with good volume. EMA 12 days(yellow) has converged with EMA 26 days(blue) and about to go above it (which indicates that uptrend has started). Share will cross 120.
buy setup (weekly hammer) for 110 plus target sl 81
I believe stock have good potential at CMP as we get breakout at 363 and in coming days we can see stock above 500+
stock is trading near 62% correction, near the support zone
with a hammer at bottom, showing highly oversold signals.