Aarti Drugs - Key Levels to WatchAarti 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:
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.
Aarti
Aarti Industries Ltd Trend AnalysisLeading 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 diagonal.
It will bottom out once price breaks out upside of this falling wedge highlighted.
Monthly RSI shows strong bullish divergence.
Good to accumulate around 500-550 levels for the following targets:
Medium term swing target @ 900 (70% ROI)
Long term swing target @ 1150 (115% ROI)
Long term positional target @ 1670 (215% ROI)
Do your own due diligence before taking any action.
Peace!!
AARTIDRUGS Best Positional Buy LevelIt will be best to take positional buy entry on NSE:AARTIDRUGS once price reach at the level of 422. Stop Loss will be 400.
My expected upside target will be 457, 510 & 529. This could be low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks.
AARTIIND Positionally Upside viewNSE: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 IND LTD Bounced from the supportThe Fall in the stock was halted a few weeks ago, at previous support levels .
Since then stock was protecting these levels, and in today's session, it managed to bounce from it, forming a Bullish Morning Star Pattern.
Sustaining these support levels, the stock might move towards 990 and 1010 levels, in the coming sessions.
Type of Trade : Swing
Aarti Industries - CUP in formationAfter it seems like it took support at 0.5 retracement, the stock looks quite ready for the climb.
Inside the broader arc 'Cup' is the 'Parallel Channel' in which the stock is moving.
RSI at 55 also shows that if the stock needs momentum to rally, RSI has the steam to provide.
All in all Looks attractive to hit 1100 again.
AARTI INDUSTRY is bullish#AARTIIND notched up volume of 84070 shares by 10:53 IST on BSE, a 5.34 fold spurt over two-week average daily volume of 15736 shares. The stock rose 2.87% to Rs.949.35. Volumes stood at 10823 shares in the last session.
Showing Bullish result in Technical Parameter:
CCI is Treading UP
RSI is Treading UP
William %R is Treading UP
ROC is Treading UP
MACD Crossed above signal line
DI+ is crossed above DI-
PSAR is indicating Bullish Reversal
Crossed above 50 and 100 day SMA and EMA
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Support : 930 & 920 & 906 & 892 & 850
Breakdown : 939
LTP : 950
Breakout : 960
Long Target : 1000 & 1020 & 1047
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Disclaimer This is only for educational purpose and paper treading. Learn and take advice from you financial advisor