Positional Long : Aarti Industries

1 Jan

• Aarti Industry has given a good correction of ~64% from its top due to weakness in its energy business, drop in Mono Methyl Aniline (MMA) margins ,and is trading near a important support area i.e 400 level.
  
• Currently its following a descending channel pattern and has formed a double bottom pattern.
  
• Earlier price has formed a Head & Shoulder pattern, & price descended ~25% which was due as per the H&S Pattern.
  

Given the headwinds looks like a good positional buy with a staggered accumulation approach in major dips.

⚡Note: This is just for analysis purpose, please do your own research before punching any orders.

🔍 For more technical analysis and trade setups, make sure to follow me on trading view.
🔗 Trading View: in.tradingview.com/u/DebasisT/

2 Jan

Dagangan aktif