Trading_hawk

ADITYA BIRLA FASHION TARGET HIT | TRADE SETUP FOR 28-07-2021

Long
NSE:ABFRL   ADITYA BIRLA FASH
NSE:ABFRL

Today, 27-07-2021, it has broken the orange trendline and hit two targets above it.

Trade setup for 28-07-2021
It may come to test the 220 level or even till the orange trendline.

1) If it takes support from 220 level then it will be a buy trade. Targets are mentioned on the chart.
2) If it goes till orange trendline and takes support from it then from that it will be the buy trade. Target will be 220, 223.50, 227.

It will be bullish after getting confirmation on the support either from 220 or from the orange trendline. Only took the trade after this confirmation.

Do comment if my ideas are helping you to understand trend, levels and price action.

Let me know if you have any doubt or suggestion.
Trade closed: target reached: 3 target on buy trade achieved.