ARVINDFASN trade ideas
Long opportunity in ARVIND FASHIONS LTDThis scrip had recently brokeout from the wedge pattern and it had Retested it two days back. It had also formed an hammer pattern near the Monthly Pivot Point which is a bullish signal.
So do consider going long in this scrip if price closes above Rs.230 with a target of Rs.310 which i think could be achieved in two months.
Arvind Fashion - Range break out from an year of consolidation Arvind Fashion - has been trading in a side ways range for a very long time, it has decisively broken the range and is ready for a big upmove. The volume on weekly also is 3 times more then average volume which signifies FII or DII participation. Can see next level on 338 in coming months