The short-term outlook is bullish for Aether Industries. The stock has been moving up very well over the last couple of weeks. The share price has surged over 25 per cent in the past two weeks. The stock has been sustaining well above ₹885 recently. That indicates the presence of fresh buyers below ₹900. Moving average cross overs on the daily chart also strengthens the bullish case. Key support is at ₹880.
Aether Industries share price can rise to ₹1,000 in the coming weeks. Traders can go long now at ₹933. Accumulate on dips at ₹900. Keep the stop-loss at ₹875 initially. Trail the stop-loss up to ₹950 when the price goes up to ₹965. Move the stop-loss further up to ₹970 when the share price touches ₹985. Exit the longs positions at ₹1,000.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
