ABCAPITAL
ABCAPITALNSE:ABCAPITAL CMP: 157.7
SL: 131
Initial Target: 255(ATH)
If holds and crosses, 248 then target 280(as per pattern).
RR(For first target): 3.5:1 (for target 255). Beyond that it improves
Reason:
1 - Finance Service index looks good.
2 - Stock looks like breaking out of Inverted H&S Pattern.
3 - Above all moving averages on Daily and Weekly
4 - RSI is above 50 and looking good.
5 - MACD looks positive.
6 - RS is +ve.
Note - Notice the right shoulder is not as low as the left shoulder. Again, just the reverse of the regular head and shoulders pattern where the right shoulder was not as high as the left, indicating weakness. But in this case the right shoulder is not as low as the left, and this is indicating strength. It's a bullish continuation Inverted H&S Pattern.
Fundamentally also, this stock looks good. I'm not going into the fine prints of fundamentals of this entity in this post.
Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice.
Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary.
The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions.
The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information.
Additionally, I welcome any corrections or feedback on this analysis. Please feel free to share your thoughts and perspectives in the comments section.
I hope this helps, and best of luck with your technical analysis!
ABCAPITALABCAPITAL:- Cup and handle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
► ADVANCE PATTERN #27: ABCAPITAL ◄► ADVANCE PATTERN #27: ABCAPITAL ◄
📌 Levels are mentioned on chart for ❝Swing trading❞.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and like the chart ❤!!!
Entry: ▲ 160
SL: ☢ 150
Target: ➚ 210
RR: ☈ 1:5.0
☆ Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✮ Disclaimer ✮
--------------------------------------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
---------------------------------------------------------
ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Falling Wedge Pattern : ABCAPITALThe falling wedge pattern is bullish in nature and appears after a bearish trend. The pattern indicates that the bulls have lost their momentum, and bears have taken over the price temporarily. As such, the price hits lower lows but at a corrective speed.
Pros
The advantages of the falling wedge pattern are:
It is a frequent occurrence in financial markets.
This pattern works as both a trend reversal and trend continuation pattern.
It is easy to find stop-loss and take-profit levels.
It offers a good risk-to-reward ratio.
Cons
The disadvantages of the falling-wedge pattern are:
While using this pattern to initiate a trade, additional confirmation is required when opening a trade.
In lower time frames, falling wedge patterns have lower accuracy.
New traders may face confusion in distinguishing between the falling wedge and other price patterns.
**Just For Education Purpose, Not a trading Idea**
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead.
Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels
Stocks to watch for positional view
MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268
INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271
Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970
Stocks for Swing are
SIEMENS SL Below 3000 tgt 3240-3320
SBIN SL below 575 TGT 610- 628
HAL SL below 2430 TGT 2564 - 2620
Previous Week Positions.
LT -- TGT achieved
mphasis stoploss triggered
ABCAPITAL --- still open TGT 170+ SL below 138
TATACOMM ---- Still Open TGT 1460 SL below 1310
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
ABCAPITAL Elliott Wave StudyTF - Monthly -
Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top).
AB CAPITAL has made a monthly consolidation range of 139 - 95
As per the monthly chart, AB CAPITAL can take support from 78.05 .
Three reasons to consider this level:
1. AB CAPITAL has given five touches to this level.
2. AB CAPITAL had taken support and broken up the trendline.
3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone.
If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05.
TF: Daily -
AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed.
We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 .
As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree.
Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march.
I will update more information soon.
Thank you!
@Money_Dictators
ABCAPITALABCAPITAL:- Stock is forming both double bottom and W pattern on weekly chart and is going to give breakout for 5 years keep watch.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
ABCAPITAL - Ichimoku Bullish Breakout Stock Name - Aditya Birla Capital Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 140
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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ABCAPITAL | Good for Long NSE:ABCAPITAL
Cmp : 128.45
Entry : Cmp or near 127
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action