{"id":3790,"date":"2013-11-05T12:20:29","date_gmt":"2013-11-05T06:50:29","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=3790"},"modified":"2019-06-06T19:39:47","modified_gmt":"2019-06-06T14:09:47","slug":"arvind-buy-for-short-term","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790","title":{"rendered":"Arvind: Buy For Short-Term"},"content":{"rendered":"<p style=\"text-align: justify;\">A look at the chart pattern in Arvind indicates lot of buying interest. The company reported its September quarter earnings last week which was not disappointing. \u00a0The company posted an improvement in revenue from operations as well as profitability. The stock price has also been moving up steadily and technical patterns suggest that there is more room to the upside.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png\"><img loading=\"lazy\" class=\"alignleft size-full wp-image-3791\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png\" alt=\"Arvind\" width=\"1340\" height=\"588\" srcset=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png 1340w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind-300x131.png 300w, https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind-1024x449.png 1024w\" sizes=\"(max-width: 1340px) 100vw, 1340px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">From the above weekly chart, it is evident that the stock has been consolidating in a trading range of Rs.58-110 since mid-2011. The recent rally has pushed the stock to the upper end of the trading range at Rs108-110. The blue set of lines, featured in the above chart, have been in tune with the price action.<\/p>\n<p style=\"text-align: justify;\">The stock last week completed a bullish &#8220;outside day&#8221; pattern and closed above the blue center line. This is a positive sign and we expect the stock to hit the upper blue line at Rs.130+<\/p>\n<p style=\"text-align: justify;\">The positive outlook would be invalidated if the stock falls below Rs.99. A breakout past Rs.130 would open up further upside potential. But, let&#8217;s talk about higher targets after the stock reaches the upper blue line.<\/p>\n<p>(<em>The view featured here is based on Technical Analysis of historical stock price action. Please read the\u00a0<a href=\"https:\/\/www.fundsindia.com\/blog\/disclaimer\" target=\"_blank\" rel=\"noopener\"><strong>Disclaimer<\/strong><\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A look at the chart pattern in Arvind indicates lot of buying interest. The company reported its September quarter earnings last week which was not disappointing. \u00a0The company posted an improvement in revenue from operations as well as profitability. The stock price has also been moving up steadily and technical patterns suggest that there is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[128,89],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arvind: Buy For Short-Term<\/title>\n<meta name=\"description\" content=\"Arvind has been in an uptrend recently. Our review of the chart patterns indicate the further room to the upside.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arvind: Buy For Short-Term\" \/>\n<meta property=\"og:description\" content=\"Arvind has been in an uptrend recently. Our review of the chart patterns indicate the further room to the upside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-05T06:50:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-06T14:09:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FundsIndia Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2013\/11\/Arvind.png\",\"width\":1340,\"height\":588},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790\",\"name\":\"Arvind: Buy For Short-Term\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/arvind-buy-for-short-term\/3790#primaryimage\"},\"datePublished\":\"2013-11-05T06:50:29+00:00\",\"dateModified\":\"2019-06-06T14:09:47+00:00\",\"description\":\"Arvind has been in an uptrend recently. 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