ARVINDFASN trade ideas
ARVINDFASN | Go for Long | BO on Weekly & Daily Time FrameNSE:ARVINDFASN
Reason for Trade : BO on Weekly & Daily Time Frame
Cmp : 312
Entry : Closing Above 312.50 or CMP
Stop Loss: According to one's Risk Reward ratio
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Buy Today, Sell Tomorrow: ARVINDFASNDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ARVINDFASN
Buy Today, Sell Tomorrow: ARVINDFASN
ARVIBD FASHION LIMITED : A MARQUEE INVESTORS CHOICEAFL 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 - FAVOURABLE RISK REWARDArvind 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 making ventures and hence we can expect good fundamentals in upcoming future.