Weekly Breakout in ARVINFASN follow SL 138Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ARVINDFASN trade ideas
ARVIND FASHIONS for LONGBuy 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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Breakout in Arvind Fashions LTD.Resistance breakout can be seen in Arvind Fashions LTD. 155.20 and 149.95 level was acting as a resistance or we can say supply zone, wait for todays closing, if todays candle closes above the 155.20-149.95 zone, position can be made in last minutes of the market. Would suggest to hold the position with the strict stop-loss of 147 (only on closing below basis.) For the given target of 178 level. The probable movement is shown in the chart (movement may vary).
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE TECHNICALS OF THE CHART.
Long Arvind FashionsArvind Fashions
NSE:ARVINDFASN
Cmp - 137
Stop - 120 on DCB
Expectation -
T1 - 350
T2 - 750, Review at 350
Expected Holding Period - 240 trading days or earlier for T1
View:- Positional/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Arvind Fashions LtdArvind Fashions has beautifully completed inverted Head & Shoulder patterns, about to give breakout above 172, RSI is bullish above 60, once it cross over 190, there is no resistance till 240, A lovely target of Rs 70 in near six month. Have patience and hold this stock which hold International Brands in India like Aeropostale, Arrow, Calvin Klein, Flying Machine, Sephora, Stride, Tomy Hilfiger, U.S. Polo Asign to name a few.
Arvind Fashions Ltd - GO LONG FOR ITArvind Fashions Ltd is ready for next Bid Move as Markets office is now ready for full opening. ARVIND Fashions holds all Big Brans in India Like Arrow, SEPHORA, Flying Machine, Calvin Klein, Tommy Hilfiger, Aeropostle, Gant, IZOD, True Blue, Nautica etc in India and they have manufacturing facility in India. They have restructured their finances, GO for it for target of 300 in 2 years.
ANOTHER PROFIT IN ARVINDFASNAny of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.