Aarti Industries Breakout Long Call

Technical Alert: Aarti Industries (AARTIIND)

Breakout Confirmation

Aarti Industries has successfully breached the crucial resistance level of ₹460, closing above it. This breakout is significant, as the stock has resisted this level three times in the past.

Trade Setup: Long Call

- Target: ₹515
- Stop Loss (SL): ₹450
- Risk-Reward Ratio: Favorable

Technical Analysis:

1. Moving Averages: AARTIIND is trading above its 44-day moving average, indicating a strong uptrend.
2. Candle Pattern: The breakout is supported by a bullish candle pattern, suggesting further upside.
3. Resistance Levels: As per the chart, there is no significant resistance above ₹472, paving the way for the stock to reach its target.

Trade Rationale:

The target of ₹515 is calculated based on the support-to-resistance breakout level. With a favorable risk-reward ratio, this trade setup offers an attractive opportunity for investors.

Disclaimer: This is a technical analysis-based trade setup. Investors are advised to conduct their own research and consult with their financial advisors before making any investment decisions.