Aarti Drugs - Key Levels to Watch
Aarti Drugs - Key Levels to Watch 🔍
Aarti Drugs has shown some recovery after restoring production at its Tarapur unit, as per recent filings. Here’s the technical outlook:
1.Fibonacci Retracement Levels:
2.Volume Profile:
3.RSI:
Current RSI shows a slight bullish divergence—monitor for a potential rebound.
Levels of Interest:
Stay cautious as the stock consolidates. Monitor for clear directional moves above or below these levels.
Aarti Drugs has shown some recovery after restoring production at its Tarapur unit, as per recent filings. Here’s the technical outlook:
1.Fibonacci Retracement Levels:
- Resistance at 0.618 (₹593) and 0.5 (₹676).
- Immediate support near 0.786 (₹476).
2.Volume Profile:
- High activity seen between ₹450-₹500. Sustained support in this zone is crucial.
3.RSI:
Current RSI shows a slight bullish divergence—monitor for a potential rebound.
Levels of Interest:
- Upside Potential: ₹593 (618 Fib) and ₹676 (0.5 Fib).
- Downside Support: ₹476 (786 Fib) and ₹450 (volume support zone).
Stay cautious as the stock consolidates. Monitor for clear directional moves above or below these levels.
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