Aarti Industries looks bearish. There are two reasons behind it:-
1st reason is bad Q4 result. Company made loss comparatively last quarter.
2nd after breaking multiyear tend line never came to retest the level. So basically retracement is pending.
Sell or buy PE when it breaks and sustain below 1640. It can come to my 1st target which is 1533 and 2nd target 1442. Level confirmed by FIBO. Also, black line is multiyear trend line.
AARTIIND
This idea is only for educational purpose, please trade at your own risk.
1st reason is bad Q4 result. Company made loss comparatively last quarter.
2nd after breaking multiyear tend line never came to retest the level. So basically retracement is pending.
Sell or buy PE when it breaks and sustain below 1640. It can come to my 1st target which is 1533 and 2nd target 1442. Level confirmed by FIBO. Also, black line is multiyear trend line.
AARTIIND
This idea is only for educational purpose, please trade at your own risk.