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08-03-2021 12:04 PM | Source: HDFC Securities Ltd
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities
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Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities 

TECHNICAL OBSERVATIONS

Pennant Pattern Breakout on the daily chart

Stock has been finding support on its 10 days EMA

Price Breakout is seen along with the rising volumes

In the month ended July 2021, Stock broke out from multi month consolidation pattern with jump in volumes

Indicator and Oscillator setup has been holding bullish on weekly charts

Short term moving averages are placed above medium to long term moving averages

Buy Arvind Fashions Ltd Up to 3 Months @ Average Level 200 CMP 218.45 TGT 270 SL 194

 

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