praveen.bhatiya

Arvind Wash'n Rinse pattern

Short
NSE:ARVIND   ARVIND LTD
Price has broken out of the channel but got rejected immediately at the resistance and closed below the channel. It looks like a good trade able Wash and Rinse setup. One can short the stock if the recently made is affordable and can expect the target around lower boundary of the channel. It offers reasonable reward to risk being taken.
Trade closed: target reached