Aarti Industries formed a bullish chart pattern called Double Bottom
Morning star formed in hourly time frame on the right leg of the double bottom chart pattern.
RSI is above 50, so we can expect a upside move
Double Bottom breakout done with higher volume which confirm the upside direction to be continue
Price is now taking support of 20 EMA, it is also indicate a short term trend is bullish
In daily chart we found a higher high and higher low which indicates a short term bullish trend
Bullish engulfing is a bullish reversal candlestick found at right leg of bottom, best position to be formed
Key Levels
Swing Trader
Buy Above 748
Stop Loss 724.4
Target 800
Risk Reward 1:2
Morning star formed in hourly time frame on the right leg of the double bottom chart pattern.
RSI is above 50, so we can expect a upside move
Double Bottom breakout done with higher volume which confirm the upside direction to be continue
Price is now taking support of 20 EMA, it is also indicate a short term trend is bullish
In daily chart we found a higher high and higher low which indicates a short term bullish trend
Bullish engulfing is a bullish reversal candlestick found at right leg of bottom, best position to be formed
Key Levels
Swing Trader
Buy Above 748
Stop Loss 724.4
Target 800
Risk Reward 1:2
Operación activa
First Target Achieved booked 50% and rest trail SL below 740 Swing LowOperación activa
Cup with handle chart pattern is activated and price also moving towards 980.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.