The stock is on the resistance after an explosive move followed by a rounding base on Weekly TF. Can give a good up-move.
Keep an eye on it!
Keep supporting! Keep learning!
Symmetrical Triangle Breakout with good volume..
It has been in a good uptrend since a long time and such breakout suggests more bullishness in the stock..
Keep on Watchlist..
AFL is so bullish it is making new highs everyday and we see that today it show some profit booking but with low volumes ( positive sign) before covid it was trading at 700 range but now only on 266 ... showing tgt of 320 in short time....one day it was open as 15 points gap up.....now some profit booking and correction is going on...so some good buy levels are here.....
Arvind Fashion Retail has been consolidating for more then a year and now has given a breakout from its consolidation.
We can use Comparative Strategy and see its peer Aditya Birla Fashion which has performed quite good and hence we can see the same in Arvind Fashion.
Arvind Fashion has brands like CALVIN KLEIN , FLYING MACHINE and they have sold out their loss...
Buy above 185.50
SL @ 150 - Possibilty for which is very less
Targets :- 220 , 240 , 270 , 300 +
Fundamentally a Good Textile Company & with the ban of Chinese Cotton , is a positive news for Textile Industry in India .
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
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Arvind Fashions Ltd. distribution and sale of ready-made garments, apparels, and accessories. Its brand portfolio consists of owned and licensed international brands including U.S. Polo, Arrow, Tommy Hilfiger, Flying Machine, Aeropostale, GAP, Calvin Klein, GANT, Nautica, Unlimited, Sephora, Hanes, and others. It operates through the India and Rest of the World geographic segments. The company was founded in 1931 and is headquartered in Ahmedabad, India.
NSE
