Trading @ 665 levels
Daily Chart looks good
Resistance @681
Prices above EMA
RSI needs a breakout
Stoch above 80
Watch out for further price action
Support @ 645
Another opportunity in the Chemical sector
After analyzing the opportunity in Deepak Nitrite, our previous post
We have analysed Aarti Industries and this chart is looking interesting as well now
AARTIIND about to break Range with Very Good Volume
1) In Range since Last 10 Months
2) After IPO, Current Month's Volume is 2nd Highest
3) About to break the Range
Good For Swing Trading before Breakout !!
Looks like its about to break out the resistance line.
Or
It will be back to support drawn by Fibonacci Retracement.
Anyhow, it is a good stock to add into watchlist.
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 ! ! !
Leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint.
Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals,
agrochemicals, polymers, additives, surfactants, pigments, dyes, etc.
Borrowings increased due to increased CAPEX.
Technically bearish as the price is moving inside an ending...
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
On the 1 Hour Chart of AARTIIND, we can witness a beautiful Bullish Reversal Pattern Formation of "Bullish Harami" on the downside levels. Thereby, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to initially face a resistance at the levels of 965.85, 977.20, and 995.15. In addition to this, the...
