ARIES Agro - Trend Reversal

After three and half year long downtrend, chart has turned into positive trend. The trend reversal have come on huge volume and after testing previous down trend line, share price have resumed its new found trend. It is coming on after co posted very good results. MACD which was below Zero line for last three and half years but was showing good positive divergence have turned positive and is above zero level. At present share price is facing resistance @ 60-62 Rs band. Once above this level, it will resume its trend. 

Disclaimer : My family owns 10,500 shares which were bought @ 48 three or four weeks back. It is natural bias for me that its share price will move up. I expect 80-90 Rs level soon if things work out well.