AartiDrugsTimeFrame - Weekly
AartiDrugs is trading in a range for the past few weeks, closing above range can give fresh BO.
Weekly RSI has just crossed 60 - Showing strength
Once Breakout happens, once can go along with SL 700 weekly closing basis.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
AARTIDRUGS trade ideas
Aarti Drugs - Ready for Take Off ?Higher Highs and Higher Lows.
Green volume candles longer than red candles.
Fasten your seat belts and enjoy the ride.
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AARTI DRUGS - Buy or Sell ?This chart is made on the request of my follower @Himanshu93.
CMP 2933
Aarti Drugs has had an amazing run since 890 levels breaking out Parallel Channels thrice and returning 300%+ returns in just a few months. The 4th ride is still within the channel but most likely it would break the channel on the lower side tomorrow purely on the basis of MACD indication.
However, since the stock is of great quality, producing human steroids, we cannot ignore the fact that the stock can continue in its journey. So tomorrow's candle will more or less clear the air in deciding the next move.
I had earlier made a chart with my learning of Parabolic Curve. Well, I may have missed the precision but if that was more or less correct then , it further gives us a reason to sell.
*****
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 DRUGS - Learning the Parabolic CurveMy new learning - Plotting the Parabolic Curve
Calling out experts to correct me if I'm wrong.
If the Parabolic Curve drawn is correct then expect the price to at least touch 1700-1750.
Lets Wait and Watch
*****
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.
Verge of a multiyear BOThe stock is trading in a box format for last 5 years. Volume expansion is visible in last 4 months ( Including March when market tanked). The volume of selling in March is low indicating the unchanging interest of firm hands in the stock.
A breakout above Rs 880 - 900 can take the stock to new heights.