Aarti Industries: Elliott Wave Analysis – Progression ...

Aarti Industries: Elliott Wave Analysis – Progression of Intermediate Wave 4

Aarti Industries, a key player in the specialty chemicals sector, is currently progressing through Intermediate Degree Wave 4 in its broader Elliott Wave structure. This analysis outlines the key phases of Aarti Industries' price action, including the formation of its primary and intermediate waves, and provides insights into the current corrective phase.

Aarti Industries is currently in the process of forming Intermediate Degree Wave 4, with a triangle pattern likely unfolding. The stock has completed the initial corrective waves (A, B, and C) and is now expected to progress through Wave D and Wave E before completing the pattern.

The targets for the remaining waves are as follows:

Wave D is expected to target Rs. 685-700.
Wave E may bring the stock price down to the Rs. 500-520 range.

It’s important to note that this analysis is based on the principles of Elliott Wave theory and is subject to change as market conditions evolve. This report is for informational purposes only and does not constitute a buy or sell recommendation.