Aarti Drug time
If we look at this chart, it tries to break the Bollinger band two times within 110 days; even we look at the past, it was unable to break. But now you can see the last three days it closes almost above the upper resistance of BB, i.e. (mean + 2* Standard Deviation). Bollinger Band, In mathematics, we called it Gaussian or normal distribution or bell curve.
If we notice the MACD is positive, and Histogram shows its strength is continuously increasing.
RSI is also above 60, and today's it 71.15, and the interesting fact is it tries to reverse but again ready to go up.
If we notice today's close price (813.6), it also breaks the resistance that was 811pts and might be a support for this month.
All those four signs indicate that the rally has begun for aarti drug.
In Fluid Mechanics, we called when the flow tries to contract (Squeezing the BB from last 4 to 5 months), the pipe will burst, and due to sudden expansion and that flow will be uncontrolled flow.
Disclaimer,
This analysis only for study purposes.
Do your own study before any call.
I'm not a Sebi register.
All trading strategies are used at your own risk.
