ARIES AGRO
Aries Agro is looking good in charts a and seems to have corrected itself from the strong upward trend where it made life time highs of 290 and now looking to enter consolidation phase trading around 225 where an fruitful position can be made for long term potential high return where in these level averaging can be done easily to make a sustaining position.
in stock.
RSI of 48.42 and gradually increasing shows that we may see some consolidation before stock enters in a strong upward trend as it enter overbought zone of 60+ .This is presenting a case to build position and averaging the same accordingly to get good short term result.
MACD of -ve 2.02 and improving can be seen as an anticipation a positive crossover as consolidation mode will enter upward move.
It is also placed well on Ichimoku charts and if 9-day conversion base line of 229 is positively breached and sustained for consecutive sessions then one may see some more sharp upside move.
Immediate Support 215
Crucial Support 205--195
Immediate Resistance (236--240)
Upper Resistance 260
Target 290+
MORE WILL UPDATE SOON!!
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