Arvind Limited : Sell Below 320 : Bearish Flag Pattern Short

NSE:ARVIND1D

ARVIND LTDNSE

Description

⋅ Nov 5, 2018 5:22 AM

Sell Arvind Below 320
Stop-loss 336
Target 242

Risk 5% & Reward 24.38%
RR 1 : 4.88

Trade active

⋅ Nov 5, 2018 5:23 AM

Order cancelled

⋅ Nov 28, 2018 7:53 AM

Arvind falls 71% as stock adjusts for the demerger. It's Not a target reached.
I had no idea of the demerger date effect.
Yesterday's Closing price was 311.