dhn.financial
Long

200 Day EMA : Arvind Ltd.

NSE:ARVIND   ARVIND LTD INR10
7 0 3
Arvind Ltd. (364.00) :
Arvind             ltd is closed at 364 level. Stock has corrected from 423 and took support around 325 level which is 200 day EMA and bounced back to 364.

From last 5-7 trading sessions, the stock has shown up good price action in decline market. The stock is also trading above all short term moving averages .

One can initiate long position between 362-367 levels with stop loss of 330 (closing basis) for target of new 52 week high above 425 levels.
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