Arvind Mills has been in a steady down trend over the past several weeks and is finally seeing channel support near the 230/240 zone. The risk of capital erosion has substantially come down at these levels for longer term investors and some exposure on swing trading basis can be considered. We are expecting a minimum 15-20% appreciation from these levels over a period of 6 months. stops can be considered at 200 levels. Volume activity has also been picking up indicating some sort of trading bottom.
|ARVIND MILLS RISK:REWARD FAVOURABLE FOR BUYERS?|