Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
This is in relation to my bullish outlook on this stock. (I've provided the link for original post below too.)
This stock seems to be on the verge of starting a sharp up move. It's possible it makes a close new low before going up. The upper TL seems a good target. Following that, it could either break and continue up or could give a fall (for a Triangle possibility) and then up.
It's possible that Arvind 0.99% has completed it's A-B-C correction and is on it's way to join the major trend. The above could be a possible path ahead. A fall till the 61% Fib level could be a great place to buy for the move up.