Long Artindustries

Updated
Looking for long at Aarti Industries, Its very closed to weekly 2 standard deviation, with 20 sma. the pattern structure is higher high with triangle formation.

Long at 471.75
Stop loss break of trend line
Trade active
Very interesting day today , opened with a gap down , but rallied within 30 min and closed flat near yesterday. Add more today. Hoping for a breakout next week.
Trade active
Very brutal day with the 2.25 draw down. Should have closed the trade , but still in it.
Still technically quiet undervalued.
Trade active
Still long ...... Need to review stoploss strategy for future trades. Monday candle close was engulfing candle. looking for more upside today
Trade active
Still in the trade , possible double bottom, quiet low volume. if it closes below 445, then close the trade
Trade active
Today a big jump on aarti industries. Price closed at the break out level of 480.30. Tomorrow will be an interesting day. If tomo is a green day, then we should start seeing a rally. when you see it recommended by Muppets of cnbc , then u will see the rally take momentum. Dont forget to take profit there.
Trade active
So cnbc awaz finally picked this stock in the morning, honestly i dont like that. but the target of 530 550 is still on.
Trade active
Trade still active , very close 535
Trade active
Still in trade, yesterday was a bad day for the stock , still bullish on it, waiting for 535
Trade active
snapshot
Trade closed manually
trade closed manually @ 494.40
Profit % 4.45

Unhappy holding very much over valued stock based on DCF model.

snapshot
Trade closed manually
Profit % 4.45
Chart PatternsTriangle

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