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Aartiindustries

Aarti Industries Ltd. (AARTIIND) Analysis The chart is a weekly candlestick chart of Aarti Industries Ltd. (AARTIIND) on the NSE, with the current price at INR 630.20. The chart includes several key support and resistance levels and highlights a recent price movement pattern. BUY Zone : 580 - 610 INR Key Observations: 1. Current Price and Trend: - The current price is INR 630.20, showing a slight decline of 0.29%. - The price has recently broken down from a rising channel, indicating potential bearish sentiment. 2. Support Levels: - The nearest support levels are at INR 608.40 and INR 580.35. - If the price continues to decline, these levels might act as potential points of price stabilization or reversal. 3. Resistance Levels: - Several resistance levels are marked as targets: - Target 1: INR 765 - Target 2: INR 800 - Target 3: INR 925 - Target 4: INR 1120 - These levels are potential future targets if the price reverses and begins to rise. 4. Price Channels and Patterns: - The chart previously showed a rising channel from which the price has recently broken down. - This breakdown from the channel suggests a potential trend reversal or a correction phase. 5. Historical Price Action - The chart shows that the price experienced significant volatility over the past couple of years, with notable highs and lows. - There was a marked downtrend until the recent rise within the channel, followed by the recent breakdown. Summary: The chart indicates that Aarti Industries Ltd. is currently in a bearish phase after breaking down from a rising channel. Immediate support levels to watch are INR 608.40 and INR 580.35, while resistance levels or future targets are set at INR 765, INR 800, INR 925, and INR 1120. The recent price action suggests caution for traders, as the breakdown from the channel may lead to further declines or a consolidation phase before any potential upward movement.
NSE:AARTIINDLong
by The90sTraderOfficial
Aarti Industries Ltd Trend AnalysisLeading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc. Borrowings increased due to increased CAPEX. Technically bearish as the price is moving inside an ending diagonal. It will bottom out once price breaks out upside of this falling wedge highlighted. Monthly RSI shows strong bullish divergence. Good to accumulate around 500-550 levels for the following targets: Medium term swing target @ 900 (70% ROI) Long term swing target @ 1150 (115% ROI) Long term positional target @ 1670 (215% ROI) Do your own due diligence before taking any action. Peace!!
NSE:AARTIINDLong
by Swastik24
AN UPMOVE OF 3.77% IS BEING EXPECTED IN AARTI INDUSTRIESOn the 1 Hour Chart of AARTIIND, we can witness a beautiful Bullish Reversal Pattern Formation of "Bullish Harami" on the downside levels. Thereby, we are expecting a bullish momentum in the stock in the upcoming trading sessions. Where the stock is being expected to initially face a resistance at the levels of 965.85, 977.20, and 995.15. In addition to this, the stock may face a support at the level of 947.10. Closing Price (as on 06.12.21) : 958.90 Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
NSE:AARTIINDLong
by alokdaiya