Aarti Drugs Ltd. was is one of the oldest listed companies, it was listed on 13 October 1996. This company works in the pharma sector and has many popular products. Our advice on the stock of AARTIDRUGS, at the current market price (CMP) of 130 we are seeing this stock to under perform in the near term, also our outlook for this stock is slightly bearish from current levels we will accumulate this stock only when it closes above the 137 level for at least 2 days in a row, then our initial target for this stock comes around the 161 and 188 levels these targets must be looked for the long term basis only. The stock must essentially consolidate before any up ward momentum.
Those who are already holding this stock can start accumulating more from the current levels are we see very limited downside here, and huge upside potential. Charts are looking much better, we see upside very likely in this stock. Apart from this technical indicators are also in favor of trade.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
Leave a Reply