ARO Granite ARO Granite Industries Ltd manufactures and trades Granite Slabs and Tiles
looks promising above 60s
what are the chances?
AROGRANITE trade ideas
Aro Granite: Attempting rectangle pattern breakoutAro Granite is consolidating and forming rectangle pattern since least 2 years. Keep on radar for breakout on weekly time frame. Can see 3 digit soon.
Aro Granite: Breaking out on daily time frameAro Granite is looking good on daily time frame. Stock is attempting breakout of rounding pattern. Keep on radar.
Aro Granite Industries: Attempting breakout on WTFAro Granite Industries is looking good on chart. Stock is attempting breakout on weekly time frame. Keep on radar.
Aro Granite: Trading near breakout levelAro Granite is looking good on weekly time frame. Stock is trading near breakout level. Keep on radar.
Arogranite Breakout chartAro granite Industries Ltd (AGIL) (incorporated in 1988) is the largest processed granite exporter from India. The co. has an experience of more than 35 years in processed granite exports. It has a 100% EOU plant located in Tamil Nadu and set up a new 100% EOU unit in Rajasthan last year. It currently exports to more than 50 Countries. It has received “Star export House” certification from the Ministry of Commerce and Industry. Mr. Sunil K Arora is the Managing Director of the co.
Next target 57
iF hold above 60 Immediate target 90.
Buy ARO GraniteBuy ARO Granite
Buy Zone 67-68 Demand /Retest Zone
Stoploss 60 Closing Basis
Target 80
Swing Trade: ARO GRANITEGood upside breakout seen with huge volume.
71.8 - 72 a good price to buy with a stop loss below 65
Target near 86 - 87.5 levels.
AROGRANITEAROGRANITE: Looking Good
3 Years High & Bullish Breakout Sustaining Closing/Above 78.40
Rounding Bottom Pattern Breakout Sustaining Closing/Above 97.90
Buy Above/CMP 75.75 Add Every Dip Stop-Loss 65 (Safe) 55 (Risky)
Target 85-95-110-125+++
If Fail to Sustaining the 97.90 Level then will create Head & Shoulder Pattern
Add Every Dip Until 36 Stop-Loss 30 (Safe) 25 (Risky)
Target 100-135-170-200+++
Positional Call
Agrogranite to take long entryBuy Agrogranite @ 45 for the target price of 58-60 with SL of 40. Good risk to reward trade. stock @ the urge of BO level. This is for your educational purpose only.
AROGRANITE accumulation at Weekly demand Zone-BuyAROGRANITE is showing accumulation at its weekly demand zone.
Close above 54 may take it to 62, 69 and 75 with SL 44.8
Got positional trade setup #arograniteAll the details are marked in the chart.
REMEMBER IF YOU ARE PRACTICING SAFE TRADING THEN ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
You can message me if you need any clarification.
Do corelate all the stock moves with nifty movement as per the chart below.
DISCLAIMER:
The Legal stuff - I'm not financial adviser and all the charting ideas posted are for paper trading .
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ARO GRANITE Investment IDEAARO GRANITE
Market cap of just 103cr whereas Enterprise value is 553 cr, Debt to equity is very low just 0.75, Book Value is 110, Price/ Book- 0.63, EPS of FY17 - Rs 8. This is a wonderful cash bargain.
