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praveen.bhatiya praveen.bhatiya ARVIND, D, Short ,
ARVIND: Arvind Wash'n Rinse pattern
100 0 6
ARVIND, D Short
Arvind Wash'n Rinse pattern

Price has broken out of the channel but got rejected immediately at the resistance and closed below the channel. It looks like a good trade able Wash and Rinse setup. One can short the stock if the recently made is affordable and can expect the target around lower boundary of the channel. It offers reasonable reward to risk being taken.

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