BUY AARTI INDUSTRIES IN DIPS NOW 1023.30 SL 980 (ON CLOSING BASES ) TARGETS 1200
STRONG STOCKS ON STRONG SUPPORT AS TRENDLINE (LOW RISK HIGH REWARD TRADE)
Over the last 5 years, net income has grown at a yearly rate of 21.09%, vs industry avg of 8.53%
Over the last 5 years, revenue has grown at a yearly rate of 7.54%, vs industry avg of 4.05%
Over the last 5...
Looks like the retracement is complete however, even if it retraces a little more keep a close watch and enter on any dips available. Looks promising for the medium term.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn...
After it seems like it took support at 0.5 retracement, the stock looks quite ready for the climb.
Inside the broader arc 'Cup' is the 'Parallel Channel' in which the stock is moving.
RSI at 55 also shows that if the stock needs momentum to rally, RSI has the steam to provide.
All in all Looks attractive to hit 1100 again.
Short Term Cash Buy AARTIIND @968.00-971 SL 939 TGT 1025
# Above VWAP
# TK cross over already had cloud break out
# MACD cross over
# RSI cooling off so which means there is good upside from current level
The stock has just broken through the 50 and 200 EMA. It also has broken through the trend line and has nicely taken support off of the support line ( blue straight line). My thesis is that it should go up with the next support level being around 650 price.
#AARTIIND notched up volume of 84070 shares by 10:53 IST on BSE, a 5.34 fold spurt over two-week average daily volume of 15736 shares. The stock rose 2.87% to Rs.949.35. Volumes stood at 10823 shares in the last session.
Showing Bullish result in Technical Parameter:
CCI is Treading UP
RSI is Treading UP
William %R is Treading UP
ROC is Treading UP
MACD Crossed...
AARTIIND - SHARK SHARK - time to bounce
Holding 890, stock can bounce initially to 960-990- levels and will revisit if moved as expected.
The stop is placed at 870
