Updated Trend Analysis for Arvind SmartSpaces Ltd. (Based on Cha
200
1. Observations from the Chart:
5 EMA, 8 EMA, and 13 EMA are visible: Price is currently testing the 5 EMA and 8 EMA. The 200 SMA is not in view, suggesting a focus on short to mid-term trends. Recent price action shows an attempt to break above resistance. MACD (8, 13) Indicator: MACD Line (-4.77) crosses above the Signal Line (-6.01). This suggests bullish momentum is building. However, MACD is still in negative territory, meaning the stock is not in a confirmed uptrend yet.
2. Trend Status: ✅ Short-Term Trend: Bullish Attempt (Early Reversal Sign) ✅ Medium-Term Trend: Still Bearish, But Weakening ✅ Long-Term Trend: Needs More Confirmation (Price likely below 200 SMA)
If price holds above 700-720, it could enter an uptrend. If price rejects 5 EMA and drops below 680, the downtrend resumes.
3. Long-Term Investment Plan (Based on EMA & MACD Analysis)
📌 Ideal Buy Entry (For Long-Term Holding)
The price must close above ₹720-₹725 (confirming trend shift). 5 EMA must stay above 8 EMA and 13 EMA. MACD should turn positive (above the zero line). 🎯 Profit Targets:
First Target: ₹750 Second Target: ₹800 (Major Resistance) Final Target: ₹900+ (Long-Term Uptrend Confirmation) 🛑 Stop Loss (Risk Management)
If the price falls below ₹680, exit the position. If 5 EMA crosses below 8 EMA again, it signals weakness.