Aarti Industries Limited earnings provide an opportunity for entry

With reference to labelled chart of Aarti Industries Limited (NSE symbol: AARTIIND), the rationale for a buy recommendation is elaborated:

2. Prices around 1130 were earlier resistance and thus once broken are now serving as support.

3. Today’s price performance is a White Marubozu, although the day’s high-low range is not more than recent price action.

4. Finally, today’s green eliminates yesterday’s red.

Stop: One tick below lowest of the last two trading days i.e. 0.05 below 1120.15 thus at 1120.1 

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