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
