Aarti Industries - Fibonacci retracement & Tread-line Breakout !

Aarti Industries is on a downward trend and is respecting the trendline. We are also seeing a small cup and handle pattern as well where on breakout we can expect a movement till 651. In any case once it breaks the trendline, we can expect the price till 745- 800, with no resistance. Expected price movement 651-745-800. Other parameters:

1. MACD - slowly getting positive
2. RSI - will slowly pick-up once the trend-line break out happens
3. Fibonacci retracement done - moving above from 0.618 levels

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Dagangan aktif:

Aarti Industries has crossed the weekly resistance trend-line..let it settle above 536 and we can see move towards target.

Dagangan aktif:

Aarti has reached to 660..from 536 to 660..23% gain...move is still on

Dagangan aktif:

Aarti has retraced to start the journey again.

Dagangan aktif:

After retracement, started again..keep a watch as it moves towards target