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...
My new learning - Plotting the Parabolic Curve
Calling out experts to correct me if I'm wrong.
If the Parabolic Curve drawn is correct then expect the price to at least touch 1700-1750.
Lets Wait and Watch
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Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements...
The stock is trading in a box format for last 5 years. Volume expansion is visible in last 4 months ( Including March when market tanked). The volume of selling in March is low indicating the unchanging interest of firm hands in the stock.
A breakout above Rs 880 - 900 can take the stock to new heights.
