Cmp - 88
Stop - 60 on DCB
T1 - 150
T2 - 400, Review at 150
Expected Holding Period - 120 trading days or earlier for T1
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Arvind is making perfect rounding bottom. Price is likely to move up from here. Stop loss is 77 on closing basis. RSI is showing strength on both weekly and daily time frame
Disc : it's not an investment advice 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 looking to break above important resistance zone, two important pattern developing here, one is Symmetrical triangle and another is small Inverse H&S pattern,
Though Inverted H&S is not that convincing one but still along with Symmetrical triangle breakout can do very good, if breakout sustains then probably it can see 60 to 100rs upside in coming...
Arvind Ltd.to continue its up trend journey, after hitting its long term support on last week close, the stock is still looking strong enough to go further upward, it also touched the up tend line support and stock seems to go up to the target of around 450-460 in near term and from there it will head in reverse direction as it is forming rising wedge pattern and...