Buy Entry 200 - 205 Stop loss 168 Minimum Price Target 248 Risk to Reward 1 : 1.50 24% Up Side potential. The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
ARVIND should buy above 396 Reasons for Buying 1. Stochastic oscillator 2. RSI oscillator 3. Morning Star Formation
In weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress, also candles are pushing the upper BB upward and BB is expanding with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229
in monthly, round bottom pattern forming here, neckline comes around 600-610 level, after successful breakout 1000 is the pattern tgt. so 1st tgt - 600, 2nd tgt - 1000, long term tgt - 1800. so whole sector can be a 4/5 baggar in the next 8-10 years.
in monthly, round bottom pattern formed and breakout happened with high volume, with sl - 135, pattern tgt - 288, long term tgt - 370