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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