Arvind Limited (ARVIND) Stock - Complete Technical Analysis - Nov 22, 2024

Arvind Ltd Technical Analysis: Key Levels & Market Outlook

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Arvind Limited has been consolidating with a current price of 364, demonstrating stability after a volatile phase. Recent highs and lows show resilience near the 350 support zone, which is reinforced by multiple moving averages and the Ichimoku base line. While the ADX remains weak at 17, signaling a lack of strong directional movement, momentum indicators like the Awesome Oscillator and MACD suggest the need for cautious optimism. The RSI remains stable, indicating balanced trading activity, and the Bull Bear Power supports the ongoing accumulation. A potential breakout above 377 could invite increased bullish participation, targeting the next resistance at 396. However, traders should monitor volumes and volatility to confirm sustained upward momentum. The stock's positioning near its 200-day SMA and Fibonacci support makes this an attractive level for both short-term traders and long-term investors.