Arvind Ltd. (362.10) :
Arvind ltd is closed at
362.10 level. Stock has corrected from 423 and took support around 325 level which
is 200 day EMA and bounced back to 364.
From last 5-7 trading
sessions, the stock has shown up good price action in decline market. The stock
is also trading above all short term moving averages.
One can initiate long
position between 362-367 levels with stop loss of 330 (closing basis) for target
of new 52 week high above 425 levels in next 6-8 weeks.
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