AARTIIND trade ideas
Aarti industires After a long time spent in the base the base formation has been done I think and there has been a clear divergence in the stochastic and rsi also.
if it crosses the level of 536 then a resistance can be seen at 567 this can be a range of consolidation and it would be better if it consolidates before going further up. It could be a great breakout who ever stuck in this stock don't sell as soon as you reach your level it has a high potential of touching its highs again.
After the big candle on 6th nov. with high volume it hasn't touched the lows again definitely some big investors made their positions. It is a good pattern and has been seen historically.
So make your own analysis before entering and predefine your stop loss, consult your advisor before making any investment.
AARTI INDUSTRIES SEEMS IN WAVE 5 OF ITS PRIMARY WAVEAARTI INDUSTRIES SEEMS IN WAVE 5 OF ITS PRIMARY WAVE (Logarithmic chart)
Please note that I am not a financial advisor, and the information provided here is not financial advice. Before making any investment decisions, it's crucial to conduct thorough research or consult with a qualified financial professional.
In the context of Elliott Wave Theory applied to Aarti Industries stock:
Primary Wave 1 (Jan 2006): The uptrend started, reaching a price level of 11.70.
Primary Wave 2 (Jun 2007): A corrective wave followed, with prices decreasing to 2.8.
Primary Wave 3 (Oct 2021): The strongest upward wave occurred, reaching a price level of 1003.45.
Primary Wave 4 (Oct 2023): Another corrective wave took place, with prices dropping to 438.
Now, it's suggested that the stock is currently in the 5th of Primary degree wave, and there's a projected target of around 1085 for its cycle wave 1.
Keep in mind that Elliott Wave analysis is subjective, and interpretations may vary. It's crucial to consider other factors, such as fundamental analysis and current market conditions, and to remember that the stock market is inherently unpredictable. Past performance is not indicative of future results, and any projections or targets should be regarded as speculative and not guaranteed.
Exercise caution, seek multiple sources of information, and consider consulting with a financial professional, especially if you are not experienced in technical analysis.
AATI IND : SMA 200 + FIBO retracement. AARTI IND : The SM 200 is observed in the chart as yellow line. The price above the line provide trend reversal signal.
SInce than the prices have moved swiftly. The horizontal line is likely to act as the new support level at 572.
The retracement from the peak of 1009 to 438 gives us the important levels to look for and the same is visible on the charts.
[Bounce] Aarti Industries Trade Idea
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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