Trend:
Arihant Capital has formed an Inverse Head & Shoulders pattern, signaling a potential long-term breakout. The stock has successfully retested its neckline around ₹95 and is attempting to move higher, indicating strength and accumulation.
Key Levels -
Breakout Level: ₹120.35
Immediate Support: ₹95.60
Major Support: ₹85.00
Supply Zone: ₹125.00
R1: ₹135.00
Fundamentals (Key Points):
📊 Diversified financial services company with strong presence in broking and advisory.
💹 Increasing retail investor participation boosting business volumes.
💰 Healthy financial performance with improving margins and profitability.
🏦 Expansion into wealth management and investment products supports long-term growth.
⚠️ Volatility in equity markets could cause short-term fluctuations.
Final Verdict: Bullish — Sustaining above ₹120 may trigger a strong rally toward ₹135–₹150 with firm support near ₹95.