Strides Arcolab is in strong uptrend making high tops higher bottom although our main index is making low tops lower bottoms and now it is near 52 week high although our main index sensex in at 52 week low. Stock is also trading above 20 and 50 DMAs which confirms the uptrend. We think that stock should continue its uptrend which is also confirmed by crossing of 20 DMA above 50 DMA which is bullish sign. Stock is likely to touch 430 in short term.
Keep a stop loss at 400
CMP as on today is 407.65
