I was going through the stocks price actions and found Arvind interesting.
It doesn't hints any clear signs for the future movement of the price action.
But we can get few interesting results from basic analysis using support and resistance and trend lines
1) Long position--> Above 386.5-388 levels we can hope for the uptrend to continue.
2) If the stock continues to remain below the trend line and especially below the price levels of 385 then we can see some god downside movement in the near term.
The price action is very near to the trend line as well as Daily resistance levels.
Keep looking for opportunities for Intraday as well as swing trading in this stock.
It doesn't hints any clear signs for the future movement of the price action.
But we can get few interesting results from basic analysis using support and resistance and trend lines
1) Long position--> Above 386.5-388 levels we can hope for the uptrend to continue.
2) If the stock continues to remain below the trend line and especially below the price levels of 385 then we can see some god downside movement in the near term.
The price action is very near to the trend line as well as Daily resistance levels.
Keep looking for opportunities for Intraday as well as swing trading in this stock.