ARVIND Looks BullishArvind Ltd. looks bullish. It is has formed Cup and Handle pattern in 1 week chart. If it gives the breakout it can reach to 300. Keep watching it.
Note: Please do your own research before investing.
Arvindltd
ARVIND - Weekly Chart AnalysisAfter an all time high breakout the stock went into a 5week consolidation and 14%range and broke out last week.
If we observe monthly chart i usually like stocks who consolidate near the resistance and then break out. But as you can see a rally of almost 95% in 5 months was done.(Highlighted Area) The stock broke the ATH with out consolidating much which losses my conviction.
So i would like to take only a pilot position here and then eventually pyramid while the stock makes new Highs.
140-160 zone shall now act as support / demand zone. If the stock retraces back to these levels and you see buying coming at these levels than you can add more. If it closes and sustain below these levels on a weekly timeframe than our view stands invalid. Until then we stay and trade as per planned.
Stock is trading above all its key moving averages.
As per the trend based fib levels 215 - 255 - 300 levels can be tested in the long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Arvind Ltd - Multi year breakout and retesting #Arvind
CMP ₹ 170.65
ARVIND LTD is a textile company whose products are finished fabrics and garments. It's one of the largest denim manufacturers in the world. Fundamentals are not so good but technically it's looking good. Stock is nearly it's 52 week high and it also gained more than 20% in this month itself and also gained highest recovery from 52 months . FIIs are also increasing their holdings. It breaks it's 6 year long resistance trend line , retested and bounce back. Now it's heading towards 200 levels. Surpassing this level is crucial for it's further movement.
Higher High Higher Low Pattern on weekly Chart of Arvind LtdHigher High Higher Low Pattern on weekly Chart of Arvind Ltd
Buy at
CMP 127
Target 175+
SL 110
Time Line : 3 months
By Vijay Panchal
Arvind Ltd Near multi Year breakoutArvind 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 stock recommendation. Please do your own research and consult your financial advisor before making any investment decisions.
ARVIND Trend Analysis ARVIND
1. rising wedge price move
2. wait take support after entry
mentioned to be target soon
ARVIND FASHION ABOUT TO START RALLY | 245 TARGETArvind Fashion buy above 184 once-weekly candle close above, Target of 245 with SL 157 if day's candle close.
Breakout in ARVINDThere 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.
Long ArvindArvind 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 LTDFIBO 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
Arvind Ltd - Breakout - Cup & Handle Pattern Arvind Ltd has broken out from a Cup & Handle pattern.
Initiate Long.
Target : 39.80
Stop Loss : 34.60
Bearish on ArvindShort Arvind below 404. Stock has broken a uptrend and will continue it's main trend which was down. An hourly candle closing below 404 will confirm break. You can short it then target of 385 with stop loss at 410. Just look for an hourly candle closing below 404 and then enter.
