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Aries agro

Discussion in 'Technical Analysis' started by shreeganeshchikhali, Oct 12, 2016.

  1. shreeganeshchikhali

    shreeganeshchikhali Active Member

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    Dear friends,
    i am to much bullish technically on this stock.stock is now closed on 141.50.now why because this is my favorite pattern in technical analysis. inverse head and shoulder.in this chart there is two h& s patterns in one chart.so if stock closes above 150 level with volume this week............ keep close eye on.(if not closes above 150 accumulate within range of 100 to 140) my view is purely technically if someone in our forum tracks fundamental about this company pl.explain.
    Note - as on i am not holding single quantity of this stock but yes if weekly closes above 150 then i will definitely there.chart & analysis for study purpose only.trade on individual risk.
     

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    shreeganeshchikhali, Oct 12, 2016
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  2. nirajshah

    nirajshah Champion

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    nirajshah, Oct 13, 2016
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  3. shabbir

    shabbir Administrator Staff Member

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    Did a checkup on the business and I really like t because they have some good and unique research based products like AgroMin and other such names. The only issue that I found was the company had very bad 2016 where sales dropped on an annual basis from 304.75 Cr in March 2015 to 284.52 Cr in March 2016 and the profits dropped significantly as well. Need to know what happen in Sep and Mar Quarter where QoQ comparison shows a significant dip in sales.
     
    shabbir, Oct 14, 2016
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