Technical View – Arvind
Arvind
is finding support at 370 and resistance at 384 On Daily chart, Arvind triangle
breakout showing positive momentum which indicates that upside seems certain in
it.
Arvind
is likely to touch 78% and 100% projection level which stood at 398 and 406
respectively. Break and sustain above 384 will see nonstop rally in Arvind till
406++ mark in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks positive
and we expect rally to remain continue till 406+++mark in coming weeks. For
positional trade, stop loss seeing below 370 on closing basis which in unlikely
to breach in near terms.
Trading Recommendation
Buy Arvind above 384 for the
initial upside target of 398—406++mark with stop loss below 370 on closing
basis.
More will update soon!!
