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ARVIND MILLS - Symm Triangle

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  #1  
Old 10th May 2005, 08:42 AM
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Default ARVIND MILLS - Symm Triangle

Dear Traderji,
The daily/weekly chart of Arvind Mills shows a Symmetrical Triangle formation . Could you kindly comment on the outlook for this stock and whether the observation is correct ?
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Old 10th May 2005, 10:23 AM
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Default Re: ARVIND MILLS - Chart Pattern

Arvind Mills is forming a broad symmetrical triangle pattern. One should go long on a breakout of the upper trendline (see attached chart).
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File Type: gif ArvindMills.gif (10.4 KB, 87 views)
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Old 16th May 2005, 09:21 PM
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Default Re: ARVIND MILLS - Chart Pattern

Traderji,
Refer the earlier post; is it time to BUY Arvind Mills now that the Upper Trendline has been broken successfully?

What targets can we expect ?
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Old 17th May 2005, 09:11 AM
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Default Re: ARVIND MILLS - Chart Pattern

Quote:
Originally Posted by vikasdewan
Traderji,
Refer the earlier post; is it time to BUY Arvind Mills now that the Upper Trendline has been broken successfully?

What targets can we expect ?
You can look to book profits at about 155-160.
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Old 23rd May 2005, 03:30 PM
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Default Re: ARVIND MILLS - Chart Pattern

Nice move today by Arvind Mills.....New all time highs!
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