#ARVIND CASH (22 JULY 2018) Looks good only above 405 STOPLOSS 400 TGT 409.50-411/417-418 CMP 400.05
#ARVIND CASH (17 JULY 2018) LOOKS GOOD ABOVE 415 STOPLOSS 410 TGT 420 RISK FREE ABOVE 420 FOR 428-430/440-445 CMP 412.5
Positional View. Other Details Mentioned In Chart. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
One can look for selling rise with price rejections ,or Brake of Current structure in Futures and cover them near possible area as marked
Arvind is making a flag formation with a resistance at 410 followed by 420. We can call it mildly bearish. One can buy it near 390-395 levels to sell at 400-405 levels profiting the consolidating. Alternatively, One can sell 380 PE at 5.4 and sell 420 CE at 4.1.
A;; plotted & Mentioned on Chart. Education Purpose Only.
ARVIND should buy above 396 Reasons for Buying 1. Stochastic oscillator 2. RSI oscillator 3. Morning Star Formation
If the price reverse which will be very slow or narrow candle then expect it to push up to forecast area , Sell on Reversal with stop above the reversal Candle in Futures IF broke form this level can also look for sell set up as the RR would be not so attractive
I am already in the short selling of Future , One can look for short selling with reversal on daily time frame and can look to hold til it makes 317/315
Short 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.
ARVIND is moving up , to complete the Gartley. Few too many harmonics in the middle
I would place buy order at 228.... Target would be 465...