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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