This is an eighteen month chart of Arshiya International and a clear inverted head and shoulder pattern is being obsevered on the charts with neckline and multiple tops resistance zone around 240-250 levels. Yesterday, the stock gave a huge breakout above this resistance zone but could not sustain at higher levels due to adverse market conditions. Buy Arshiya at current level of 255 and add in 235-240 zone with stoploss of 225 on closing basis and look for short term targets of 300/325 in 4-6 weeks and dor longer term targets of 400/450.
Have a nice trading day
Regards
Ankit
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