AARTIIND trade ideas
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
AARTIIND LONG TRADE (Check description for trade psychology)AARTIIND saw a previous break in it's swing low/pullback structure (thus marked as BoS). Now the zone from where the new swing high formation started saw a huge movement in price as well as volumes (imbalanced price action) marking it as an important demand zone where institutional buyers took interest. After making a swing high, price had to make a pullback in order to move higher and usually price only pulls back a little but in this case, came till the previous swing low and our demand zone suggesting that it is there to fulfill that imbalance. Our trade psychology would be that when the price comes down in the demand zone we will begin the swing trade with a target higher than the previous swing high and it might also be possible that the price may drive down just a little further to grab liquidity and also take support on 100 EMA. Aggressive traders could enter on the given entry/center line of demand zone with a bigger Risk-to-Reward and careful traders could wait for the liquidity drive and set up order on 100 EMA with a very little Risk-to-Reward. It's a 1:10 trade guys (or even further if you like it), please drop a like and comment (keeps me going) and also check out the previous analysis on ADANIENT.
Big move, big volumesAarti has moved up in the channel quickly and is at the upper part of channel, 8.4% move today...if it breaks out of the channel it could achieve targets mentioned...if it falls back into the channel then we can wait and see what happens over next few days/weeks..let's be optimistic
Long Opportunity in AARTI INDAARTI IND took support in the supply zone and also took support in CPR. It is just below 30 points from All Time High. So first traget would be All Time High and there is high probability of that breakout. So swing traders may look for long Opportunity on this Stock and can have the Stop Loss below below the CPR.
Breakout : Good for intradayAs we can see, AARTIIND has consolidated for a week and ended up breaking the near resistance. We can clearly see the follow up 15 mins candle making new high than the resistance breaking candle ( highlighted in the chart ).
A gap up and good momentum can be seen tomorrow (July 14) unless there is a damaging news.
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