Aarti Industries looks bearish. There are two reasons behind it:- 1st reason is bad Q4 result. Company made loss comparatively last quarter. 2nd after breaking multiyear tend line never came to retest the level. So basically retracement is pending. Sell or buy PE when it breaks and sustain below 1640. It can come to my 1st target which is 1533 and 2nd target...
It looks bullish. After giving multiyear breakout came back to retest the level. Also, formed W pattern in day chart. Since the retracement done. Buy above 537 and it could be swing trade. It may touch 611 level in coming days. This idea is only for education purpose, trade at your own risk. NSE:ICICIPRULI
Chart has formed “Inverted Head & Shoulder Pattern” in day time frame. Initiate fresh buying only above 825. It can come to retest the neckline target for down side is 770. If it breaks 825 level and sustain at least 15 minutes. Target will be all four green line. This is analysis for educational purpose, please trade at your own risk.
Chart has formed “Bullish Continuation Pattern” in day chart. If market will be bullish tomorrow's candle can engulf all 4 red candles. Also, retracement done after multiyear breakout. Buy above 1995 target would be both the green line 2052 & 2082. This is only for intraday. This analysis is only for educational purpose. Please trade at your own risk.
Now nifty is in uptrend. Elliot wave theory used. Go long. It's a bullish momentum on Monday. Please trade at your own risk. Like share and subscribe