This chart is made on the request of my follower @Himanshu93.
CMP 2933
Aarti Drugs has had an amazing run since 890 levels breaking out Parallel Channels thrice and returning 300%+ returns in just a few months. The 4th ride is still within the channel but most likely it would break the channel on the lower side tomorrow purely on the basis of MACD indication.
However, since the stock is of great quality, producing human steroids, we cannot ignore the fact that the stock can continue in its journey. So tomorrow's candle will more or less clear the air in deciding the next move.
I had earlier made a chart with my learning of Parabolic Curve. Well, I may have missed the precision but if that was more or less correct then , it further gives us a reason to sell.
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CMP 2933
Aarti Drugs has had an amazing run since 890 levels breaking out Parallel Channels thrice and returning 300%+ returns in just a few months. The 4th ride is still within the channel but most likely it would break the channel on the lower side tomorrow purely on the basis of MACD indication.
However, since the stock is of great quality, producing human steroids, we cannot ignore the fact that the stock can continue in its journey. So tomorrow's candle will more or less clear the air in deciding the next move.
I had earlier made a chart with my learning of Parabolic Curve. Well, I may have missed the precision but if that was more or less correct then , it further gives us a reason to sell.
*****
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 together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Comment:
Stock broke the channel on the lower side but with low volume.
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
Today's market has crashed because of China Tensions. This situation is beyond technical analysis. I suggest to book losses and prevent yourself from further unpredictability.
No doubt good stocks will recover but the time frame isn't certain. Also if you sit with your cash ,you can reenter at lower levels.
Comment:
The stock has taken support at 2600 just around the high of 7th August. Tomorrow there is a chance that it could touch 3130 i.e. the lower border of the channel. We may see a consolidation in the range of 2600-3130 in the next few days if the stock doesn't close inside the channel again.
Comment:
Correction - 3070-3080 tomorrow.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
This stock is refusing to fall. Amazing to see the strength in spite of its 300%+ rally. May be its a good idea to buy a very very small quantity. However we need confirmation at End Of Day.