Arvind Fashions Limited Stock Forecast

Arvind Fashions Limited stock price down 0.164% on Friday
(Updated on May 10, 2024)

ARVINDFASN.NS Signals & Forecast

There are few to no technical positive signals at the moment. The Arvind Fashions Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹458.76 and ₹455.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -6.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, April 10, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Arvind Fashions Limited stock

Arvind Fashions Limited finds support from accumulated volume at ₹453.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.45 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.95%.

Our recommended stop-loss: ₹432.26 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (ARVINDFASN.NS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Arvind Fashions Limited to open at ₹454.98, and during the day (based on 14 day Average True Range), to move between ₹440.26 and ₹470.54, which gives a possible trading interval of +/-₹15.14 (+/-3.32%) up or down from last closing price. If Arvind Fashions Limited takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹453.35 (0.45%) than the resistance at ₹460.10 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Arvind Fashions Limited stock A Buy?

Arvind Fashions Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.876 Hold/Accumulate Unchanged

Predicted Opening Price for Arvind Fashions Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.