Buy Arvind at Rs 86: Alpesh Furiya

Alpesh Furiya of Panorama Technical’s advised to buy Arvind at Rs 86.

Furiya told CNBC-Awaaz, "One can buy Arvind at Rs 86 with a stoploss of Rs 83. The level of Rs 92 is very important for the stock. If the stock breaks this level, then we can see stock at Rs 108 in coming days."
The company touched its 52-week high Rs 111.15 and 52-week low Rs 61.90 on 01 Nov, 2011 and 19 Aug, 2011, respectively. Currently, it is trading -22.81% below its 52-week high and 38.61% above its 52-week low.