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.
AARTI INDUSTRIES LOOKING GOOD FOR 1300 TARGET
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...
NSE:AARTIIND
Reversal from Fibb 61.8% level with volume, Also forming Flag pattern breakout. Keep SL 897
Aarti Industries cycle reversal, daily chart MACD Crossover
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
Aarti Industries -990 by 4th may
TRIANGLE BREAKOUT , RETEST TRADE , GO LONG @ MARKED LEVELS
#AARTIIND CMP 1550 Stop 1375 Target Open Logic : Cup and handle breakout witnessed in weekly chart accompanied with good volumes. YoY quarterly np, op and sales has been increasing at a good rate over the last 3-4 quarters.
Premise: 1. Waiting for an OTE retrace 2. Possibility of a bullish divergence on the weekly timeframe Execution: 1. 1:1:4 scale in between 1149-1187 2. Stop at 1100 3. Target 1410 Result: 1. A 2.62:1 RR trade is executed
As can be seen the price is in a strong trend upward not going below the kijun. the stock can be added for long term on major dips.
History suggest , retest of previous swing high has attarcted Buyers most of the time .
AARTIIND in the bullish channel. Oversold conditions reached on a weekly graph testify for the upcoming price action prediction. Buy:1215 Stop: 1045 Take Profit: 1560 1903 (Others: Strong Buyback history last one at ~1150) Check news and update in comments.