Turning Bullish: Aditya Birla Fashions Retail Ltd. (ABFRL)
Updated
ABFRL has been in range bound between 309 and 324.
It has strong resistance around 343.
It tried to break the resistance 343 levels in July24. However, the volume level failed the breakout.
Historically, the price of ABFRL peaked in OCTOBER months.
If the current bullish trend continues, we can expect ABFRL to break 324 levels and exceed 360 levels.
It has strong resistance around 343.
It tried to break the resistance 343 levels in July24. However, the volume level failed the breakout.
Historically, the price of ABFRL peaked in OCTOBER months.
If the current bullish trend continues, we can expect ABFRL to break 324 levels and exceed 360 levels.
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We spotted ABFRL on Sept 12, 2024, when it broke the 20EMA and 324 levels by giving a strong breakout.
The stock broke the next key resistance of 343 and reached the peak of 564 levels.
A strong pullback to the previous resistance level of 324 followed this.
In the last few sessions, ABFRL has given a good breakout and is trading near 343 levels.
If the trend is intact, we can expect a bullish trend to continue to 370 levels.
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