nimbuz90
Long

Arvind - Triangle BO got tested

NSE:ARVIND   ARVIND LTD
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0
Reasons to go Long:
1. The Breakout zone 420 has been tested twice and got supported.
2. A big bull pin bar was formed at the BO zone n it was also coinciding with the triangle sup line.
3. The follow through was a gud BO of the traingle and it got tested recently giving us a signal to go long.

Hence Traders can look to go long above 455 if it moves forward with good volume .
Safe traders can bet it on a small scalp trgt of 462-465.
Other details have been mentioned in the charts.
Solely for study purpose.

Thanks.
Jan 08
Comment: Trade active
Jan 08
Comment: Target 1 done
Jan 11
Comment: The stock has made a high of 477. Trailed SL to 455.
Jan 15
Trade closed manually

Comments

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