Sell around 406...I see a strong resistance at this level... Will update Target Later after confirming if the trend is going my way..... Stop loss : 420
Short ARVIND below 404 T1: 395 T2: 388 T3: 382 SL: 413 OR Buy ARVIND above 414 T1: 425 T2: 430 T3: 440 SL: 407
Sell below 397 Targets :382-365 Stoploss : Just above 416
Can go long at CMP with stop loss at low of the trendline.
Arvind Ltd has been trading up trend and trading in channel, the stock approaching channel support 370 in near term.
Arvind Ltd. has been trading in uptrend after a false breakout it again turned into bullish channel and approaching the resistance around 400 level in near term.
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...