Cease Loss: Rs 344
Goal: Rs 387
ARVIND has delivered a decisive breakout above a key resistance zone, reinforcing robust bullish sentiment. The inventory ended the session with a sturdy bullish candlestick on the each day chart, supported by volumes nicely above the 20-day common clearly indicating contemporary accumulation. With costs holding
firmly above the 20, 50, 100, and 200-day EMAs, the prevailing uptrend stays strong. The RSI, at the moment at 68.81 and trending upward, underscores robust momentum and indicators the potential for additional upside within the close to time period.
(Kunal Kamble, Sr. Technical Analysis Analyst, Bonanza Portfolio)
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
