Price has formed a Monthly Demand reacted to it, formed a Weekly Demand and now there has to be a Pullback before the Buying starts,
ENJOY THE RIDE ! ! !
NSE:AARTIIND has been corrected 60% on weekly Fibonacci Retracement and already oversold.
My idea is to take entry at the level of 652 with stop loss of 632. Will wait for targets of:
670
696
723 &
747
it could be best risk & reward option.
Note: This is my personal analysis, only for learning. Thanks.
Aarti Industries Ltd - 17.12.2021
The stock is trading @ 967 levels
The prices are at EMA
The stock has tested the 964 levels again during the week gone by
Watch out for the price action
The Fall in the stock was halted a few weeks ago, at previous support levels .
Since then stock was protecting these levels, and in today's session, it managed to bounce from it, forming a Bullish Morning Star Pattern.
Sustaining these support levels, the stock might move towards 990 and 1010 levels, in the coming sessions.
Type of Trade : Swing
