Arvind may bounce back from here, entry price could be 314-315 with SL below 308-09 for Targets of 336/346/355. Target can be higher than this, better to trail or trade options. Keep in mind if trade goes against us and some how break below trendline, then we can have very good down move but for that we need to wait. For now its a bullish sign and it seems long,...
ARVIND look weak below 323 for 6% to 9% range, 304 to 294, above 3%(333) will invalid the pattern,
closing above 336 the next resistance is 394, revised your sl at every 3% of stock movement
ARVIND 400 PE CMP 4.55, Lot Size, 2000
Daily Renko Charts (Brick size: 1.97) & Supertrend Combination are giving a buying position for NSE:ARVIND for next week. One can enter a bullish position in Future/Options for August Expiry.
As its a Renko charts, I will not give any stop loss or Target profit. However, I will update about the SELL signal to exit from such position.