Stock of the Day – Aarti Industries

Its mid cap stocks all the way as many of them continue to test all time highs. Aarti Industries has today moved yet again to its all time high though the last time we tested similar levels, we saw some serious damage to the short term trend before it rebounded in style as it moved 18.2% in this week alone.

Volumes has been pretty substantial when compared to its average trading volume. They key hence will be a close above 110 which should give a nice breakout.

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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