Tradernawab

ARVIND, positive divergence and triangle pattern

Long
NSE:ARVIND   ARVIND LTD
Technical- In a triangle pattern breakout can come either side but we have support of rsi which is indicating a positive divergence .
fundamental-Relief for textile and Garment exporters!
Govt extends RoSCTL
(Rebate of State and Central Taxes and Levies) scheme for one more year upto 31st March 2021.
Under this scheme apparel and made-up exporters get rebate on state&Central taxes.
Earlier deadline was 31st March 2020.
good to buy at 34 target 36.30,37.50, 40