ARVIND - READY TO BREAK TRENDLINE
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The stock is preparing to break the trendline.
Look for shorts.
Only thing is we are a little late as move began 2 days earlier.
But this is a confirmation.
SL would be if it sustains for a while above the trendline again.
Look for shorts.
Only thing is we are a little late as move began 2 days earlier.
But this is a confirmation.
SL would be if it sustains for a while above the trendline again.
Note
Very good short candidate for the short term .Longer - term , look for opportunities above the trendline.
Note
23 March : Opens on the trendline, breaks but then reverses, closing comfortably in green. Long positions can be created with low of break of trendline as stoploss for intraday traders and the low of today's candle 381 for positional.Note
Taking support on trendline.Note
Currently on trendline. GO long if it breaks and re enters the channel .
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