Buy @94.5, SL-92, TGT-100
Sell @92, SL-94, TGT-88
descending triangle pattern - multiple time support at the same price - breakout of trendline will give good rally
Aravind is poised for higher targets with textile sector in momentum, buy Arvind with weekly closing basis stoploss of 96.25 for target of 120, 148, 165 and above for New ATH - time frame 3-8 weeks
NOTE - please consult your financial advisor before any investments, this idea is only for knowledge purpose and no recommendation to buy or sell
There is a breakout given by ARVIND from cup & handle formation on the weekly chart and it has been retested today on breakout zone on the daily chart also. So, I think we can see more upside levels on this counter.
Breakout Zone is :- 81.35-84.50.
Targets :- 96-110-120
Support zone is around :- 75.00. Stop loss as per risk appetite.
Arvind Ltd
NSE:ARVIND
Cmp - 88
Stop - 60 on DCB
Expectation -
T1 - 150
T2 - 400, Review at 150
Expected Holding Period - 120 trading days or earlier for T1
View:- Positional/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Arvind Fashions
NSE:ARVINDFASN
Cmp - 137
Stop - 120 on DCB
Expectation -
T1 - 350
T2 - 750, Review at 350
Expected Holding Period - 240 trading days or earlier for T1
View:- Positional/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
All breakouts and targets are mentioned on the chart.
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Arvind Ltd closed at a post crash weekly closing high of 85.35. It also managed to close above the 200 WMA (forest green colored indicator on the chart) for the first time since 24th September 2018.
One can go long at CMP and buy on declines as well.
TGT: 97-115
SL : 78 WCB
FIBO RETRACEMENT DONE IN WEEKLY CHART <<
UPPER LEVELS EXPECTED WITHIN 3 TO 4 DAYS >>
CAN MOVE UP TILL 84-85<SHORT TERM VIEW {WITHIN 10 DAYS , MAYBE}
TARGETS BEYOND CAN BE SEEN IN A SHORT TIME PHASE
