Price action of Arvind shows it is trending in upward channel. RSI shows strength by hidden bullish divergence . Hidden bullish divergence occurss when price is making a higher low (HL), but the oscillator is showing a lower low (LL). Buy above 389 with the stoploss of 386. Targets are 394, 398.5, and 403.
Trade active:
@ 389 on 3/24/17
Comment:
Target 1 reached on 3/24/17
Trade active
Comment:
Slow movement!
Comment:
Target 2 reached on 4/3/17
Trade closed: target reached:
All targets reached on 4/3/17
Free telegram channel : https://t.me/Analysis4Newbie
Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/
Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/
