ABFRL, KPR Mills and 4 more textile stocks can gain up to 15%. Check here

Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart

Arvind Limited (ARVIND)
Likely target: Rs 157       
Upside potential: 15%

The shares of Arvind Limited formed a “Golden Cross” symbolizing a positive outlook for the upcoming sessions, according to the daily chart. This up move has a closing basis support of Rs 120 level and the upward trend is anticipated to move in the direction of Rs 157 level from a medium-term prespective. The strong breakout above Rs 115 is expected to see higher interest from market participants, as per the daily chart.  CLICK HERE FOR THE CHART

K.P.R. Mill Limited (KPRMILL)
Likely target: Rs 590
Upside potential: 10%

The stock has doubled on year-to-date basis signalling a strong upside with the momentum also gaining steam. The “Higher High, Higher Low” formation continues to negate the selling pressure with next breakout expected to trigger a move towards Rs 590 level, according to the weekly chart. The immediate support for the stock exists around Rs 510. The overall trend will remain bullish as long as the stock trades above Rs 475 level.  CLICK HERE FOR THE CHART

 
Aditya Birla Fashion and Retail Limited (ABFRL)
Likely target: Rs 335
Upside potential: 12%

After having surpassed the level of Rs 280, the shares of Aditya Birla Fashion and Retail Limited successfully managed to build a strong accumulation around the same level. This momentum hints a bullish sentiment in the uncharted territory of Rs 335 level. Additionally, the Relative Strength Index (RSI) constantly adds a bullish bias in the overbought category reflecting a greater interest of traders. The immediate support comes at Rs 290 level. CLICK HERE FOR THE CHART

Nitin Spinners Limited (NITINSPIN)
Likely target: Rs 325 (above Rs 280).
Upside potential:  15%

While, the shares of Nitin Spinners Limited struggle to conquer the selling pressure near Rs 280 level, the underneath strength in the range of Rs 245 to Rs 235 continues to holds accumulation ground. As and when the stock manages to sustain above Rs 280, the breakout may see a sharp surge in the direction of Rs 325 level, according to the weekly chart.  CLICK HERE FOR THE CHART
 
Raymond Limited (RAYMOND)
Likely target: Rs 540
Upside potential:  8%

The stocks of Raymond Limited conquered the resistance of Rs 480 and have broken out upwards aggressively in the recent days. This robust move suggests a rally in the direction of Rs 540, which is the next resistance mark, according the daily and weekly chart set-up. The volumes on the breakout are satisfactory and may see addition above Rs 515 level. The support for the stock comes at Rs 480 and Rs 470 levels.  CLICK HERE FOR THE CHART