ARVINDFASN trade ideas
stock in channel-- Arvind FashionsPrice is moving in channel in weekly time frame. Rsi is also at 60 in weekly timeframe.
Price is above key moving averages(50)
Initially add few quantities and as the price moves up can increase the quantities.
TRADE POSTED FOR EDUCATION PURPOSE TRADE AT YOUR OWN RISK.
Bullish saucer pattern breakout in Arvind FashionHere's another chart I am sharing for educational purpose where I see a bullish breakout and a potential 30-40% gain.
Entry - CMP : 370
Target - 490
Duration - 3 months to 1 year
Stop Loss - Weekly closing below 330.
Kindly note that this is not a recommendation and only for educational purpose. Invest only after your due diligence.
Arvind Fashions Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since October 2021, NSE:ARVINDFASN gave breakout yesterday. Buy with a stop just below ₹331. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. TTM Sales growth is at 65%, TTM Profit growth is at 84%, quarterly sales growth is at 188% and quarterly profit growth is at 104%
2. Debtor days have decreased from 89 to 68
3. Borrowings came down from 1755 in March 2021 to 958 in March 2022
Weaknesses: -
1. Pledged percentage 7.97%
2. Stock is trading at 6.35 times its book value
3. The company has a low interest coverage ratio.
4. The company has a low return on equity of -57.0% over the last 3 years.
5. Promoters have been decreasing their stake since June 2021
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
ARVINDFASN range breakoutNSE:ARVINDFASN BSE:ARVINDFASN
Time Frame – Weekly
Note – Sharing chart before weekly closed. So, wait for weekly closing.
Observations :-
* Trading above 52 weeks high
* Form round bottom + Cup & Handle pattern.
* Pattern breakout above 365
* Gap resistance zone 415-400
Resistance – 495 / 625 / 740 / 810.20
Support – 300 & 265-240 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
long consolidation ARVIND FASHION
Time frame- DAILY
*Resistance - 350
*Support - 100 DMA, 200DMA
*Short term to medium term
*Reason- 1 year consolidation, and taken support of 100 DMA and 200 DMA, diwali theme.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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Rising channel rangeArvind fashion running in a rising regression channel
price trading running above 200 DMA
stock getting volumes
RSI taken support over 50 two time and running above and rising
if stock again touches down side trend line then it will be good level for buying
if down side trend line breaks down then can be more down side
if stock breakout and sustain above trend line then more up side levels will be see
ARVINDFASN - Ichimoku Bullish Breakout Stock Name - Arvind Fashions Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 331
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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