Aarti Industries Share These days it is in discussion among investors, as it has seen a fast of about 20 percent in the last one month. Priyank Sharma, an analyst registered with SEBI, believes that this stock can perform well even further. He has advised to buy it in view of its technical signals and price pattern. Sharma has specifically pointed to a technical pattern “3-drive pattern breakout”, which usually indicates that the decline of the share is now ending and now it is likely to go up.
According to a report by Stockcuts, for the last seven months, the stock had been sitting at its low of 2023 at a low of Rs 438. But in recent times, the share price has risen, which indicates the onset of a new trend. It is now believed that the level of Rs 438 has become a strong base. Apart from this, the level of Rs 465 has now become an important support level. That is, even if the stock comes down, it is less likely to go below Rs 465.
Now the upper level worth watching is Rs 477.75. This was the highest level of the previous quarter. If this level breaks, it may increase further. Analysts believe that the scope of 550 to 560 rupees can be the next registration for this stock.
It would be right to buy at which level
Priyank Sharma suggests that this stock can be purchased between 415 and 460 rupees, and its target can be up to 550, 600 and 770 rupees. At the same time, if the stock closes below 390 (on weekly basis), then stop loss should be installed. Right now the stock is running at around 490, and it is being seen as a swing trade, which can be from about three weeks to four months.
How to Fundamentals of Aarti Industries?
Technically, the stock looks strong, but if you see the fundamentals of the company, then there is a mixed picture in it. In the March quarter results, the company’s income has increased by 10 per cent annually. However, there is pressure on the company’s profits due to increase in cost. The opinion of analysts has been divided about this stock in the market.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest in any of these, consult the first certified Investment Advisor.
