Aravind Fashion, the stock was ranging around its ipo price after breakout. Now the stock is retesting the levels and at a small trend line support. Expecting a reversal from bottom.
The stock is making the cup & handle pattern with a bullish outlook and volume. Also fundamentally the company is reducing debt and currently the demand for apparels can see a surge with increased prices due to commodity cycle and energy crisis through upcoming winter season. Overall the stock is bullish.
Arvind Fashions is doing Bold Ramp Walk :)
On Weekly - we see Double Bottom Pattern, Followed by Flag Pole - All Breakouts powerful and successful and heading to defined targets steadily
Target 1 - 517 (Reached)
Target 2 - 531
Target 3 - 640
Target 4 - 700
Target 5 - 780
As part of the Budget there is incentives for Textile industry and we expect strong...
ARVINDFASN
weekly timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
Arvind Fashion has been given a strong breakout on daily chart
Company has delivered good profit growth of 59.9% CAGR over last 5 years
FII's Are Increasing their stake.
There is an breakout with increase in volume. Maybe stock is getting ready for a new trend. At around 370-380 is a good level to have a stock in portfolio.
This stock
When it sustain 390 level above it will touch life time High level so participate in rally by adding small small portion
My Target 500+
No recommendation for buy and sell
Take own analysis or SEBI registration advice
No responsibility from my side for profit or loss
I'm not recommending to participate in rally just education purpose
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
348-352 was a long term resistance. The price broke the resistance, gave a good break out, and now restesting the older resistance. If it successfully bounces off from here, there's a good upside potential.
Looks good for swing trade, market is to much volatile take trade accordingly.
in this trade Stop loss is big but rewords are also big, it has made a beautiful pattern and today it has given BO.
A swing trade can be taken.
DISCLIMER: This chart is just for educational purpose.
Arvind Fashions LTD
Good uptrend
RSI - 64 Levels - Good time to enter
Target: 352
Support levels are given below
310 & 294
Like & follow
Happy trading :)
This stock has fallen from the highs of 800 to 201 now.. it has started moving up again, but let's see how much it moves....based purely on technical analysis expect some upside... CMP - 201. 238 is the first target....it is a very small cap so be cautious....this is not a recommendation to buy or sell.
