In the previous session, the market witnessed volatility throughout the day. The Nifty index opened on a negative note. Later, we have seen recovery from day’s low. However, in the last hour the index again slipped into a negative zone and closed with a minor loss of 37.30 points. Technically, the Nifty index formed a small bullish candle with a small lower wick and upper wick on the chart which indicates indecision in the market. Due to derivative expiry day, a stock specific approach is advisable for the next trading session.

Look at the below research report of ‘Stocks to Buy for – Thursday, September 30, 2021’ the market opens.

Aarti Industries Ltd

NSE :AARTIIND   BSE :524208  Sector : Chemicals

In yesterday’s session, AARTIIND stock prices made a positive candle on the chart and closed with a net gain of 0.55%. Prices have been giving a break above the Ichimoku cloud which is a strong indication of a positive trend. The up move has been supported by the base and the conversion lines as both the lines are seen rising along with price. Along with this, The Relative Strength Index (RSI) on the daily chart is 56.27, which indicates bullishness.

In addition, A positive hidden divergence appeared between the RSI and stock prices. It occurs when prices move up and makes a higher low while the RSI shows a lower bottom. This pattern mostly indicates that prices continue the uptrend after the correction.

The overall long-term trend for AARTIIND is positive and dips around 924-925 levels will provide a good opportunity to accumulate the stock. Prices can continue to move higher towards 987 and then 1050 levels. One can maintain stoploss at 880 near the support area.  

Check More Analysis on AARTIIND at: Aarti Industries Ltd