In the previous session, the Nifty Index closed with a net gain of 293 points. The index gradually moved higher and maintained its bullish move throughout the day. It’s been the 2nd day in a row when we have seen profit in the market. Prices have been moving in the form of higher highs and higher lows formation from the last two days. The index formed a strong Bullish Candle on the chart. We recommend continuing to follow the trend in a positive way by adopting a stock-specific approach in the markets.

Look at the below research report of ‘Stocks to Buy for – Thursday, December 09, 2021’ before the market opens.

Aarti Industries Ltd

NSE :AARTIIND   BSE :524208  Sector : Chemicals

In the daily time frame, AARTIIND share prices are moving above a Symmetrical Triangle Pattern. A rising window occurred on the chart. Stock prices were facing hurdles near 980-985 levels. Now a stock has formed a kind of Bullish Engulfing pattern in the previous trading day, which indicates that more buyers are entering in the stock to take prices further up. As seen on Band Bollinger, Prices are comfortably closed above the Middle Bollinger Band which is a sign of bullishness for the coming session.

In short, the trend for Aarti Industries Ltd. looks to be positive for now. We can expect it to reach a target of 1053 levels based on our analysis. This outlook is valid as long as we do not see any closing below Parabolic SAR. If the price will sustain near 1050 levels, then we will review this stock again.

Check More Analysis on AARTIIND at: Aarti Industries Ltd.