ABCAPITAL
AB CAPITAL: BEST SWING TRADING STOCK TO KEEP AN EYE ONAB Capital (D): The stock witnessed buying interest due to impressive Q1 results of posting highest ever net profit, also the IPO of Aditya Birla AMC is getting closer.. Furthermore, bulk of the volume was witnessed post the afternoon session. The stock is on the verge of witnessing a stage-2 consolidation breakout. Keep a close eye on this stock. Targets can be of 140 levels and beyond.
ADITYA BIRLA CAPITAL SHOWING BULLISH SIGNSA sustain over support turned resistance along with MACD crossover and sustaining over moving averages.
This might be risky but a successful breakout would help company achieve new highs .
Only for educational purposes.
JUST DO YOUR OWN RESEARCH.
# BE INDEPENDENT
ABCAPITAL – mid-term pick► Aditya Birla Capital had seen a weekly breakout in mid-February
► After breakout, stock is consolidating, forming a triangular pattern
► Entry can be taken on break of triangular pattern or pullback to the triangle
► Based on news of SEBI clearing draft red herring prospectus for Aditya Birla Sun Life AMC, there might be a gap up opening on Monday breaking out the triangle pattern
Usually prices move before news comes to retail participants, however looks like this is not the case with ABCAPITAL
► Aggressive position not suggested, ideal size would be 1% of portfolio size
► Stop-loss is essential for every trade
► Our stop-loss is 110 on daily closing basis
Disclaimer - holding positions since February breakout
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Aditya Birla Capital / Green Flag After Breaking out its resistance in February ABCAPITAL went into consolidation for 5 months now it is forming a flag pattern that indicates it is getting ready to continue its bullish trend.
Wait for it to break
SL 111
Target 202
Pyramiding into a trade:
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your position 1 step at a time,
Add to winners and losers are cut short
Right time to buy ABCAlmost 2 years period ADITYA BIRLA Capital stock price is below 118 price. We have seen breakout in this stock on last feb 2021 after that stock is sideways but soon we can see big upside movement in this stock.
So it's right time to buy it. Targets are marked by green horizontal line.