Looking at the daily graph, there are two possible scenarios of how AARTIIND can be traded.
Both trend channels are valid as the daily candles touch them at least three times.
Scenario 1 - It breaks the wedge into a stronger bullish market.
I would wait for 1 huge green daily candle or a few averaged size green daily candles to cross the trend line. This would be an entry signal. The stock price could possibly touch 2000 INR.
Scenario 2 - It breaks the wedge into a bearish market.
I would wait for 1 huge red daily candle or a few averaged size red daily candles to cross the trend line. This would be an entry signal. The stock price could possibly touch 850 INR.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.
Both trend channels are valid as the daily candles touch them at least three times.
Scenario 1 - It breaks the wedge into a stronger bullish market.
I would wait for 1 huge green daily candle or a few averaged size green daily candles to cross the trend line. This would be an entry signal. The stock price could possibly touch 2000 INR.
Scenario 2 - It breaks the wedge into a bearish market.
I would wait for 1 huge red daily candle or a few averaged size red daily candles to cross the trend line. This would be an entry signal. The stock price could possibly touch 850 INR.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.