Arvind breaking out. Buy Signal on Renko Supertrend Combo

5 Ağu 2018

Daily Renko Charts (Brick size: 1.97) & Supertrend Combination are giving a buying position for ARVIND for next week. One can enter a bullish position in Future/Options for August Expiry.
As its a Renko charts, I will not give any stop loss or Target profit. However, I will update about the SELL signal to exit from such position.

5 Ağu 2018

Not

This BUY signal is further confirmed by a 'Bullish Divergence' on Stochastic Oscillator.

6 Ağu 2018

İşlem aktif

Arvind opened already at high 432.5 (3% gain). I guess one should wait for a rational price of 427 to enter in position. The government may raise (Today) import duties on imported clothes, which is giving a spike in this stock.

7 Ağu 2018

Emir iptal

Never knew there was a Q1 result scheduled for Monday. Volatility spoiled the trend. Canceling this trade.