manuvsingh

AB Capital Long Term Trend Reversal with Accumulation & Momentum

Long
NSE:ABCAPITAL   ADITYA BIRLA CAPIT
AB Capital : Rounding Bottom Pattern Breakout on weekly chart.
Breakout above neckline at 115 and Price moving above 50 SMA .

Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.

Looks good for 50% upside in short to mid term.

CMP : 130
Short Term view (1-3 months)
Target : 148 & 165

Mid Term view (3-12 months)
Target : 191 as per Pattern

Almost 1:3 risk reward setup


If Price moves above 210-214 zone then
Long Term View (12-36 months):
Target : 261-286-320-388-496

SL : 110

Chart Only for Education Purpose

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