The stock is preparing to break the trendline. Look for shorts. Only thing is we are a little late as move began 2 days earlier. But this is a confirmation. SL would be if it sustains for a while above the trendline again.
Sell Below 384.25 Stoploss 387.25 Target 379
Enter only above 390 for target of 420. It should break the 387-390 with strong volume for the target of 415-420. There are also chances that we may see reversal. So be ready to ride the tide in either way.
Arvind Ltd has been trading up trend and trading in channel, the stock approaching channel support 370 in near term.
Target 1 - 319 Target 2 - 276.51 SL - 410
Technical indicator shows exhaustion of the Wave pattern. This is confirmed by the divergence shown between MACD and price indicator. Relative strength of the chart is also showing weakness. The volumes also have remained relatively flat with slight downward slope. All this confirms that the stock is a good candidate for shorting. Will confirm with the daily...
One of the most repeated query from traders to me is "Guide me in trading". A guide/mentor in trading or life can act as a stoploss. When the actions are not in your control stoploss saves you. But you are the one who face the whole situation. Also getting phone no, whata app number, mail id from a trader wont make you a better trader. My posts so far covered...
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.
Will Arvind, fall from here to touch its trend line resistance ?
Dow 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...
Arvind 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 trading in uptrend after a false breakout it again turned into bullish channel and approaching the resistance around 400 level in near term.
Arvind at resistance and now moving down so can sell at cmp sl 371 tgt 355-345
Arvind have reached all EMA different range form 14 to 70 in on Contraction ,agreeing the price for buy , Safe for Long investments ,
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.
Buy above - 353.75 Stoploss - 350.25 Target 1 - 353.00 Target 2 - 355.60 Target 3 - 358.00