AARTI IND - Double bottom chart pattern

Atualizado
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
Trade ativo
First Target Achieved booked 50% and rest trail SL below 740 Swing Low
Trade ativo
Cup with handle chart pattern is activated and price also moving towards 980.
Chart PatternsTechnical IndicatorsTrend Analysis

Aviso legal