AARTI IND--BOUNCED FROM WEEKLY DEMAND ZONE--BULLISH VIEW
* Bounce back seen from weekly demand zone with trendline support
*Just started Higher high higher low formation indicating reversal of downtrend
* Possibility of formation of inv. head and shoulder pattern. If this pattern is formed it will give more strength
*Can enter 50% quantity at this level and remaining 50% on correction near 430
Possible targets :
*Target 1 -- 750 (60%) in 24 months
*Target 2 -- 938 (100%) in 36 months
*Stop loss : Below 341 on Weekly closing basis
*RR Ratio : 1:3.8 (better RR possible if we can enter near 430 on correction)
Only Long term Investment view
* Bounce back seen from weekly demand zone with trendline support
*Just started Higher high higher low formation indicating reversal of downtrend
* Possibility of formation of inv. head and shoulder pattern. If this pattern is formed it will give more strength
*Can enter 50% quantity at this level and remaining 50% on correction near 430
Possible targets :
*Target 1 -- 750 (60%) in 24 months
*Target 2 -- 938 (100%) in 36 months
*Stop loss : Below 341 on Weekly closing basis
*RR Ratio : 1:3.8 (better RR possible if we can enter near 430 on correction)
Only Long term Investment view
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