Neutral -Short term, Jan 22, 2010 Analysis Explanation
Aarvee Denims & Exports Limited has broken the floor of the rising trend, which indicates a weaker initial rising rate. The stock has marginally broken down through the support at rupee 61.70. An established break predicts a further decline. The stock is assessed as technically neutral for the short term. See the target of 56.65 very soon.
chani