🧪 Aarti Industries: Base Formation After a Long Downcycle
AARTIIND is attempting a weekly trend reversal after a deep correction, supported by a well-defined demand zone. Early signs suggest selling pressure is getting absorbed.
Weekly technical cues
Strong bounce from long-term support zone
First meaningful close above declining 9-week EMA
Volume spike on up-weeks → demand returning
Stoch RSI turning up from mid-zone, not overheated
Fundamental tailwinds
Specialty chemicals demand stabilising globally
Margin recovery potential as input costs ease
Export-linked earnings offer operating leverage on recovery
📌 Trend bias: Early recovery candidate
⚠️ Risk: Needs follow-through above resistance for confirmation
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