AARTIIND trade ideas
Aarti Industries Stock Analysis: Potential Breakout or Short OppHello traders,
Aarti Industries stock is showing a potential trend reversal from downward to upward on the 1-hour candlestick chart. However, there is a strong resistance level that needs to be broken for a bullish movement. On the other hand, there is a 60% chance for a short opportunity with high profit but high risk . The golden crossover below the current market price may act as a support level. Traders should watch for any bullish movement inside the triangle pattern and bears should exit if there is a breakout from the marked resistance level. It is better to take the short entry before it touches the support level.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market
Aarti industries Aarti industries
The share of aarti industries have been falling since long now it's looks good to buy for a trading and investment purposes because of discounted factor on a daily tf it has made a triangle pattern above 556 can show a good upmove
Tgts will be 600 660 710
Ask your financial advisor before buying
Only for educational purposes
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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!!
LONG AARTi INDUSTRIES.Aarti industry trading in rising wedge and now it is near their support range. now we can see upside from this level so if any one wants to make a positon in it,,take with current level 578 and don't forget stop loss of 545,, target we can see 707+ if this rising wedge breakout will seen in this ticker,,,then aarti industry will become rocket and we can see above 1000. and who know it can make a new high as well. overall good fundamental stock for long term..
DISCLAIMER:- I am holding this stock from down levels for long term.
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AARTI INDUSTRIESHello and welcome to this analysis
Stock has made a Bullish Harmonic Bat reversal suggesting a bounce back to 675 and 745 as long as it sustains above 590 (hourly basis)
Smallish resistance near 615 and above that at 645
Good risk reward set up at the current juncture
Happy Investing
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 Industries Ltd an Elliott Wave viewAarti Industries looking in its Primary wave 2. And seems from the chart it is doing a WXY Correction.
The W is done near 786 and X is also completed near 994. The WXY correction is also called a double three correction where
we have 2 pair of abc and one connecting wave x. The connecting wave X can be in any corrective pattern.
We are in 2nd pair of abc where we already have done a and b now we are moving for C wave and as per fibonacci retracement levels
we can expect the c wave to be be equal to a wave and can end near 583-604 level. 583 is the 50% area of the wave 1 which we
are considering for wave 2.
This is not a trade advice.
Thank you.