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.
AARTIIND trade ideas
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