SWING IDEA - ARVINDFASN

Price has retested successfully at long time gap zone and has bounced multiple times at same point.
Stock is also making a parabolic formation since start of 2024.
Also near 52W High.

Also the following could take the stock to new highs in the coming weeks.
Q4 CONS NET PROFIT 243M RUPEES VS 109M (YOY)
EBITDA 1.35B RUPEES VS 1.13B (YOY)

Note

Stock has tried to bounce back again from the same zone. Setup still looks good as of now.

Trade active

Stock has found Support yet again at the same zone and has give another new entry into this trade. Stock visited the SL zone due to Elections. Setup still looks good as of now.

Note

It seems our Trade is picking up well. It exactly got rejected today at the Swing High levels. Did a total of 9% Profits from our Entry points. If market conditions are good, it can start making new highs from here.

Note

Stock is currently getting rejected at its Swing High levels. Lets hop it breaks it and go further up. Safe traders can exit at Swing High levels if they do not want to hold further.

Note

Made Max Profits of 14% so far. But back to our Entry Zone again.

Note

Positive News: Indian garment makers surge on demand hopes amid Bangladesh unrest

Note

Positive News: Arvind Fashions Q1 Consol Net Profit 13.2 Million Rupees

Trade closed: target reached

Trade Completed. Target Achieved.
Total 29% Profits booked.
Time Taken = 21 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

thepranam

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thepranam

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