ADPL does manufacturing of active pharmaceutical ingredients, intermediates, specialty chemicals, and trading of industrial solvents & chemicals. It caters to pharmaceuticals formulation manufacturers and pharmaceutical merchant exports.
Looks really good in almost all the time frames and formed a nice inv H&S ok daily and about to break long term trendline. Good daily volumes also are being seen. SL below 49 and targets are marked accordingly as per the blue levels
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Buy as it will soon come out of the CONSOLIDATION. AAREY DRUGS is making HH-HL pattern on chart and hence buy on dips strategy can also work well here.
Buy @ 37 Stop Loss @ 34 Target @ 47 Risk 1% , Reward 3% Best Of Luck...
1 Month: Delivery volume increased by 119.65% 1 Day: Delivery volume increased by 443.33% over 5 day average Aarey Drugs & Pharmaceuticals Limited is engaged in active pharmaceutical ingredient (API)/Bulk Drugs manufacturing and offers a range of products for various industrial applications. The Company is engaged in trading and manufacturing activities. The...
INDICATOR ANALYSIS: PLF - Profit chip in control, Losing chip 0% TREND WAVE - Mid of uptrend, just start another round of uptrend after pull-back