So, that trend line is proving to be super important for Aarti drugs.
Why? Let's see.
Aarti Drugs always faced resistance at that trend line. Indicated by the white arrows are all the attempts the stock made to break the resistance.
Indicated by the first green arrow is the successful decisive breakout from the trendline.
Then what happened? The stock fell, due to possible profit booking.
But if one goes by theory, then the previous resistance line becomes the support line.
And that is EXACTLY what has happened.
It has reversed from around the same levels of support.
Go long in the scrip.
Like and follow.
AARTIDRUGS
Why? Let's see.
Aarti Drugs always faced resistance at that trend line. Indicated by the white arrows are all the attempts the stock made to break the resistance.
Indicated by the first green arrow is the successful decisive breakout from the trendline.
Then what happened? The stock fell, due to possible profit booking.
But if one goes by theory, then the previous resistance line becomes the support line.
And that is EXACTLY what has happened.
It has reversed from around the same levels of support.
Go long in the scrip.
Like and follow.
AARTIDRUGS