Inverted Head and Shoulder pattern break out retest on hourly chart
Inverted Head and Shoulder pattern break out on hourly chart
ARVIND in CHANNEL , reversal from RESISTANCE.
BEARISH CRAB in ARVIND. the share is consolidating on resistance zone (i.e blue line ). One can short ARVIND at current level , with target 1 at 38.2% retracement and target 2 at 61.8% retracement . For THETA DECAY one can short ARVIND SEPT440CE at 2.4 with lot size of 2000 For gain of Rs4800 .
395-400 is a good resistance for Arvind and it has bounded back twice in last 3 months from that level. 400 is also acting as a handle here. Looks good to short at around 400.
ARVIND Will touch 362 - 15 min Dissimilarity Zone very sooner
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...
Arvind is forming Bullish Shark pattern. It can be sold at cmp or any rise till 365. Stop 369 Tgt 326
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.
Long trade setup based on trend line support .entry,target,stop loss given on chart. TRADE WITH CARE REGARDS KING999