Stock monthly uptrend
MACD positive cross over
rsi above 60
ema positive cross over
target is 178
stop loss 152
this video is for educational purposes only disclaimer not for any investing advice
Arvind Ltd Near multi Year breakout , its an potential upside candidate for an month.
It will test the 52 Week High and Breakout with volume or It will form an Double Top
But if the breakout is successsfull with heavy volume the it will got to Target 270+
Disclaimer: This stock idea is only for educational & research purposes and is in no way a professional...
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.
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