buy on breakout of trendline when it sustains above 116 level
keep sl below 95 for positional
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
my view for investing / trading in ABCAPITAL-
1. company revenue as well as profit is increasing yearly.
2. on chart, daily candle is making double bottom pattern.
3. some serious buying happening since 2 days, supporting double bottom pattern
4. recent Q2 result was good and company is working on betterment of financials.
this analysis is for education purpose only.
ABCAPITAL IS underperforming since March .Gave a downside move of 30% from March Highs. There is trendline breakout possible .So, consider it buying and keep this stock for midterm swing. Short-term swing can be done for 10-20%.
Buy-Above 119
Sl-110
Target- 130 140 170
AB 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...
A 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
► 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...
AB Capital has taken support near 114-116 several times and has consolidated for many weeks. This can be a low risk entry point with a tight sl. Buy at cmp with stops at 110 for a target of near 170.
ABCAPITAL respected fibo retracement level of 50% (109) and bounced back today at 115.
A good recovery was seen. It is currently trending in side way movement. Break out may occur above level 120 for target of 130+.
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...
AB CApital
Technically looks strong at cmp 120
If you check on weekly TF you will get all answers taking strong Support of 110 level
Forming Pole n flag pattern, Volume starts increasing in daily chart
Risk takers can add at cmp 120
SL 105
Tgt 135 150 160++
#ABCAPITAL forming flag pattern both in daily & Weekly Timeframe.
Volume is also lower side in red candle.
Entry can be taken at CMP with SL of 110 with the target of 170. Almost 1:3.5 RR. For safe player entry above daily closing of 130-135 only.
