thepranam

SWING IDEA - ARVINDFASN

Long
thepranam Aggiornato   
NSE:ARVINDFASN   ARVIND FASHIONS LTD
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)
Commento:
Stock has tried to bounce back again from the same zone. Setup still looks good as of now.

Trade attivo:
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.

Commento:
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.

Commento:
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.

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