#7 Aditya Birla Fashion Retail - Upper Breakout

May 30, 2020

ABFRL

Upper Breakout

Reasons being:
1. Parallel channel Breakout in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume
4. Price Jumps twice above 100 shows presence of Heavy Buyers
5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with a positive future expectation.

Long ABFRL for a target of 140 and 175 in 2 to 3 months
SL around 95

Jul 3, 2020

Trade active

First Target Hit