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ARVINDFASN

ARVINDFASN | Swing Trade📊 Details Arvind Fashions Ltd operates in the branded apparels, beauty and footwear space. It has a portfolio of several owned and licensed global brands across different segments. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ARVINDFASNLong
by Munish_Jain
3
A Continuation Wedge (Bullish) pattern in ARVINFASN A Continuation Wedge (Bullish) is a technical chart pattern often observed in financial markets, particularly in price charts of stocks, currencies, commodities, and other assets. This pattern is characterized by its appearance during an uptrend and signifies a temporary pause or consolidation before the prevailing uptrend resumes. Here's a breakdown of its features and implications: Pattern Appearance: The Continuation Wedge (Bullish) consists of two converging trendlines, both of which slant downward against the prevailing uptrend. The upper trendline, often referred to as the resistance line, is formed by connecting the swing highs (peaks) of the price action. The lower trendline, known as the support line, is created by joining the swing lows (troughs) of the price action. As the pattern evolves, these trendlines gradually converge, forming a wedge-like shape. Duration: This pattern typically spans a relatively short period, usually a few weeks to a few months, during which the price movement becomes increasingly narrower within the confines of the converging trendlines. Volume: Throughout the formation of the Continuation Wedge (Bullish), trading volume often contracts. This decrease in volume signifies a lack of conviction among traders and investors, contributing to the narrowing price range. Market Psychology: The pattern reflects a tug of war between bullish and bearish forces. The bears attempt to reverse the ongoing uptrend, causing the price to move within the confines of the converging trendlines. However, despite the bearish pressure, the bulls eventually gain the upper hand, leading to a breakout to the upside. Breakout: The most critical aspect of the Continuation Wedge (Bullish) is the breakout. The bullish breakout occurs when the price breaches and closes above the upper trendline (resistance line) of the pattern. This breakout signals the end of the temporary interruption and the resumption of the prior uptrend. Price Target: To estimate the potential price target following the breakout, you can measure the height of the widest part of the wedge (the distance between the highest and lowest points of the wedge) and add it to the breakout point. This can provide a rough idea of how far the price might move upward after the breakout. Confirmation: As with any technical pattern, it's important to wait for confirmation of the breakout before making trading decisions. Traders often look for a clear, convincing close above the upper trendline and an increase in trading volume to confirm the validity of the breakout. Remember that while technical analysis can provide valuable insights, it's not foolproof and should be used in conjunction with other forms of analysis and risk management strategies. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ARVINDFASN
by hardeepssethi
ARVINDFASN - Bullish Momentum with VolumesNSE: BLUESTARCO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:ARVINDFASNLong
by BrahmaBull31
Arvind Fashions Breakout1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on RSI close below 30 (or use any other method of your liking) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Weekly tailing tops with high volume c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop After a consolidation since October 2021, NSE:ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also) Strengths: - 1. TTM Sales growth is at 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104% 2. Debtor days have decreased from 89 to 68 3. Borrowings came down from 1755 in March 2021 to 958 in March 2022 Weaknesses: - 1. Pledged percentage 7.97% 2. Stock is trading at 6.35 times its book value 3. The company has a low interest coverage ratio. 4. The company has a low return on equity of -57.0% over the last 3 years. 5. Promoters have been decreasing their stake since June 2021 Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
NSE:ARVINDFASNLong
by akashbothra
ARVINDFASN - Ichimoku Bullish Breakout Stock Name - Arvind Fashions Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 331 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:ARVINDFASNLong
by nikunjbhadja