In the previous session, the market saw a flat opening and got stronger as the day progressed. The Nifty index made a day high near 17683 and closed with a net profit of 126 points. On the technical note, the index formed a bullish candle on the chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

 Look at the below research report of ‘Stocks to Buy for Tuesday, September 06, 2022’ before the market opens.

Aarti Industries Ltd.

On the technical perspective, stock formed a Rounding Bottom formation on the daily chart. Stock price broke the pattern resistance and closed above the same today. Further breaking above previous day’s high will confirm the trend. In addition, closing above long term Parabolic SAR support confirmed the trend as stock closed above the dots.

In short, the trend for AARTIIND looks to be positive for the short trend. Positions can be created around CMP 850, which can take prices towards 909 levels. This outlook is valid as long as we do not see any closing below 799 level. If the price will sustain above 909 levels, then we will review this stock again.

Check More Analysis on at AARTIIND: Aarti Industries Ltd