August 07, 2017
Arvind (NSE Cash)
376 - 379
14 - 21 sessions
(Time: 10:05 IST)
This stock has been in a consolidation phase since last couple of months. In today’s trading session, the prices have given a
breakout from a falling trendline resistance which can be seen in the exhibit. The price breakout is also supported by higher
volumes and the ‘RSI’ oscillator on the daily chart too is indicating a positive momentum. Further, the ‘SuperTrend’ indicator on
the daily chart has given a ‘BUY’ signal after a period of three months. Considering these reasons, we are expecting the stock to
move higher in near term.
we recommend buying this stock at current levels and on corrections up to
376 for a
412 over the next 14 - 21 sessions. The stop loss should be fixed at
022-3935 7600 Extn: 6554
August 07, 2017
Last 10 recommendations
CMP Target 1 Target 2 Stop-loss
256 - 258
481 - 485
Can Fin Home
3050 - 3065
141 - 143
808 - 814
154.75 - 156
104.50 - 105.50
583 - 587
1000 - 1009
167 - 168.50
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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