Swing Trade Idea #220 : Long on AARTIINDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
AARTIIND trade ideas
AARTIIND BREAK OUT OR BREAK DOWN!!
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY NEAR 1245
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts.
2) TE-REKAB - PROPRIETARY INDICATOR
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
SWING TRADE STRONG STOCK AARTI INDUTRIES BUY AARTI INDUSTRIES IN DIPS NOW 1023.30 SL 980 (ON CLOSING BASES ) TARGETS 1200
STRONG STOCKS ON STRONG SUPPORT AS TRENDLINE (LOW RISK HIGH REWARD TRADE)
Over the last 5 years, net income has grown at a yearly rate of 21.09%, vs industry avg of 8.53%
Over the last 5 years, revenue has grown at a yearly rate of 7.54%, vs industry avg of 4.05%
Over the last 5 years, market share increased from 8.4% to 9.31%
Aarti Industries - Handle in formationLooks like the retracement is complete however, even if it retraces a little more keep a close watch and enter on any dips available. Looks promising for the medium term.
*****
Help Me to Help Us.
I believe in keeping the chart simple with minimal drawings & easy to interpret.
So kindly express any disagreement & improvements so that we learn & earn together.
Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the motivation.
Aarti Industries - CUP in formationAfter it seems like it took support at 0.5 retracement, the stock looks quite ready for the climb.
Inside the broader arc 'Cup' is the 'Parallel Channel' in which the stock is moving.
RSI at 55 also shows that if the stock needs momentum to rally, RSI has the steam to provide.
All in all Looks attractive to hit 1100 again.
Aarti Industries: Crossing EMA 50,200 and trend line. The stock has just broken through the 50 and 200 EMA. It also has broken through the trend line and has nicely taken support off of the support line ( blue straight line). My thesis is that it should go up with the next support level being around 650 price.
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
----------------------------------------------------------
Support : 930 & 920 & 906 & 892 & 850
Breakdown : 939
LTP : 950
Breakout : 960
Long Target : 1000 & 1020 & 1047
----------------------------------------------------------
Disclaimer This is only for educational purpose and paper treading. Learn and take advice from you financial advisor