ARVIND trade ideas
Arvind Ltd Swing, Short Term and Long Term Trade Idea6M chart shows a Double bottom breakout, we need to wait till December closing, aggressive investors may consider trade now. This shows a potential 100% return from here.
Monthly and weekly chart shows an all time high breakout, after 5 years of consolidation and hitting the same supply region.
This chart shows opportunity for swing and short term.
75 minutes has broken out of small consolidation zone, potentially leading to the next target zone of 185. For swing trade one may consider this.
Trade at your own risk, Happy trading!
Arvind Ltd.*Arvind Ltd.*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation & Continued BuiltUp.
Strong Resistance @160.
Trail SL with Upside.
Book Profit as per Risk Appetite.
AL is vertically integrated textile Co.
Vintage: ~8 Decades in this industry.
Largest denim manufacturers in world.
Sales: Export/Domestic: 51%/49%.
Stable Sales/Profit: Qtrly/Yearly (Growing) Basis. Sharp reduction in Debt. Improving TNW for FY23. +ve CF from Ops. Satisfactory WC Cycle.
Capex plan: ~₹150-₹200 Crs each - FY23-FY25.
Owns 525,000 square yard free-hold land in Gandhinagar, Developing 353 villas in ~330,000 square yards.
Stable Promoters Stake. FIIs/DIIs Stake: Increasing.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
ARVIND - Trend Analysis - 17th AugARVIND had broken resistance zone and had respected support zone of 85 to 89. there has been a recent breakout with good volumes with RSI above 60 levels
Long position can be initiated with target of 1:1 or 1:2 risk reward ratio
Disclaimer:
This is for educational purpose. We are not SEBI registered analysts.
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Arvind Limited is one of India’s leading textile companyArvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments.