AARTI INDUSTRIES ABCD PATTERN WITH CLUSTER OF SUPPORTS

2024年8月8日

Aarti Industries Ltd. is an interesting stock gaining momentum with following

1. RSI on all time frames (DWM) above 60 or almost at 60
2. ABCD Pattern under formation on weekly chart
3. CUP and Handle / Reverse Head and Shoulder Like pattern on monthly chart
4. Cluster of Moving average supports between 680-714 levels (14 /20/50/100 Day Simple Averages and 20 Week SMA)

5. Price trading near Upper Bollinger Bands on all time frames.
6. Narrowing Bollinger Bands on daily chart
7. Super Trend Turned buy on weekly charts in last 2-3 weeks and price sustaining above the same.

Lets See How it Evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.

2024年8月14日

交易結束：達到停損點

price broke below Major Cluster of Supports at 680 as such Exit was made and losses booked. Pattern failed brutally