Arvind may move to Rs 330, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After that sharp decline Arvind made a very attractive textbook pattern, a bullish head and shoulder and it has broken out on Friday. Now, these are normally reversal patterns that tell us if not anything at least an eventual rally to the earlier high of Rs 330 is possible. That is a lot of move from the current levels."

At 09:26 hrs Arvind was quoting at Rs 280.90, up Rs 3.30, or 1.19 percent.

The share touched its 52-week high Rs 341.40 and 52-week low Rs 136.80 on 16 September, 2014 and 30 December, 2013, respectively.