AARTIIND trade ideas
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
AartiInd - accumulate, SL 897Reversal from Fibb 61.8% level with volume, Also forming Flag pattern breakout. Keep SL 897
AARTIIND - SHARK SHARK - Time to bounceAARTIIND - SHARK SHARK - time to bounce
Holding 890, stock can bounce initially to 960-990- levels and will revisit if moved as expected.
The stop is placed at 870
AARTIIND - HIGH PROBABILITY BULLISH SETUP#AARTIIND
CMP 1550
Stop 1375
Target Open
Logic :
Cup and handle breakout witnessed in weekly chart accompanied with good volumes.
YoY quarterly np, op and sales has been increasing at a good rate over the last 3-4 quarters.
AARTIIND - Fib BuyPremise:
1. Waiting for an OTE retrace
2. Possibility of a bullish divergence on the weekly timeframe
Execution:
1. 1:1:4 scale in between 1149-1187
2. Stop at 1100
3. Target 1410
Result:
1. A 2.62:1 RR trade is executed
Buy Aarti IndsAs can be seen the price is in a strong trend upward not going below the kijun. the stock can be added for long term on major dips.
Retest of previous swing high acting is accumulation zone .History suggest , retest of previous swing high has attarcted Buyers most of the time .
AARTIIND: Continuation of Uptrend(Long Term Opportunity)AARTIIND in the bullish channel.
Oversold conditions reached on a weekly graph testify for the upcoming price action prediction.
Buy:1215
Stop: 1045
Take Profit:
1560
1903
(Others: Strong Buyback history last one at ~1150)
Check news and update in comments.
Aarti Industries Ltd_Long_Daily_Swing_12.11.2017Aarti Industries Ltd_Long_Daily_Swing_12.11.2017
Quality - Excellent
Valuation - Expensive
Financial Trend - Positive
Delivery Percentage - Good
Entry - 900
Target - 954
Stop Loss - 876.66
AARTI IND LTD - SHORT - PAPER TradingThis is my first technical analysis. based the Zerodha Varsity checklist.
zerodha.com
Please comment on any mistakes.
1. Candle - Shooting star formed.
2. Support and Resistance - Price at resistance
3. Volume - Volume above 20 days MA
4. DOW Theory - price within the Trading Range
5. Indicators -
RSI - above 60
MACD - MACD histogram is above the zero line and begins to converge towards the zero line.
6. Risk ratio greater than 1.5
