Arvind Potential Short Setup!!Arvind is giving a potential short setup on daily chart with Wave B up move completing at 61.8% fib levels and Wave C correction starting now going around the targets of 300.
ARVIND trade ideas
Arvind - Dow Tenet 3Dow tenet "A trend is assumed to be in effect until it gives a definite signal of reversal". Though there are many trend reversal signals like candlestick pattern, trendlines, support/resistances and indicators, we can use peaks and troughs to confirm it in a better way.
Uptrend - Higher high(peak), higher low(trough)
Downtrend - Lower low(trough), lower high(peak)
Uptrend - Price action forms rising peak and rising trough
Downtrend - Price action forms decling peak and declining trough
In my post "Arvind facing strong resistance", price action moved upwards eventhough trendline
was broken and RSI showed less momentum. I checked where my analysis went wrong and found
it didnt break the previous higher low.
Arvind facing strong resistanceArvind is trending inside the channel, getting ready to break. Price action in daily chart also shows weakness. We can short with the stoploss of 360 when it breaks the channel along with main index mighty nifty. Maximum target is 345.
Arvind Ltd. has been approaching bullish channel resistanceArvind 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 Good for Buy Arvind have reached all EMA different range form 14 to 70 in on Contraction ,agreeing the price for buy , Safe for Long investments ,
BUY ARVIND DESCENDING TRIANGLE As it can be seen that arvind has formed a descending triangle on daily and hourly charts and also given the breakout on the upper side with high volumes, So its a buy for the targets of 365-370 and maintain a closing basis stoploss at 335.
Arvind Upward Trending ChannelBuy above - 353.75
Stoploss - 350.25
Target 1 - 353.00
Target 2 - 355.60
Target 3 - 358.00
Arvind - Long trade might be coming inArvind 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 days,
Hence look to buy once start trading above 355 levels for 60-100rs. upside in next 2-3 months.
Arvind - LongI have found the price is near to resistance level. Once broken the level, price may move upside..
Trade:
Buy abv - 365
Target 1 - 369
Target 2 - 373
Happy Trading...!
ARVINDARVIND looking good on chart above 325 so buyers keep sl at 325 and hold for long term. target can be new high after 4-5 month
arvindARvind now trading at very important level if break 326 then 305 on charts or if 305 then 250...
Descending Triangle in 15mins chart - Trade 1 (Nov 15, 2016)Dear Traders,
Descending triangle formation in 15 mins Chart of Arvind. Will it break the support or move to resistance ?
Buy or Sell - will decide on Tuesday (15/11/2016)
Buy above 376
Target - 380.5
Points gain - 4.5
Sell below 368
Target - 362
Points gain - 6
Happy Trading...!
Arvind Ltd. to continue up trend in near term.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 may soon break.
ARVIND - Break out on weeklyARVIND - has given a nice break-out on weekly TF on good volumes. This is sign of strength and the stock is likely to rise further in the weeks/months to come.
A retracement to 360-370 (wishing for it), can be a nice entry, with a long term view on this stock. I don't know if the market will oblige as of now. Let's see what happens.
ARVIND attempting to beakoutARVIND attempting to breakout above 365 for the second time after failing the first time. If ARVIND closes above 365 & next day is confirmed by another green candle, then one can enter long to take advantage of a breakout.
If ARVIND fails to breakout above 365, then one can enter a short.
Keep watching the stock for the price action.
Classical Chart patterns in play ArvindThe chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could easily reach up to 320 level giving a good risk reward ratio.
Alternatively it may retest the 344 level and bounce from there to reach the target for the cup with handle pattern.
Let's see and watch!
Arvind Head N Shoulder (Bearish)It is been observed that the price action forming a Head and Shoulder pattern on the upside, indicating further bearishness in the price action. It is also important to note that the price action changes from making Higher Low and Higher High to making lower highs and Lower Lows, again signalling bearishness. Good time to short.
Target: 338
Stoploss: 355
Arvind ShortShorting Arvind. Confluence of both trendline and resistance. Target can be lower level of channel that is 329. SL can be above the resistance. Good RR at this level.
Arvind - Short1. There is a strong resistance zone.
2. In past Price has reversed from this zone.
3. Even though the price has broken this zone the voulume is negative that shows the sentiment among traders in the market is bearish. There is a high possiblity of price reaching to 1st Target at 331 and then the 2nd target at 308.
4.Price at Point B on the chart is higher than Point A. However RSI at point D is Lower than point C. This indicates bearish sentiments.
5.Short is the call
6. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
ARVIND --- LOOKING FOR BULLISH MOVEMENT TWO PINBARS FORMED SHOWED REJECTIONOF DOWNWARD MOMEMENT BY BULLS HENCE LOOKING FOR BULLISH BREAKOUT IN ARVIND.....
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