Aditya Birla Capital - Amazing Long term Breakout !!!- Long term Breakout Pattern
- Huge Volumes near breakout levels
- Breakout after a consolidation
- Descending triangle pattern Breakout taking support at RSI (60)
- Fundamentally strong stock
- 125 can be a good entry level with stoploss 110 and 1st target at 150
ABCAPITAL
ABCAPITAL is at crucial supportnote
1) The support is very crucial
2) Recently IPO news came which looks very positive for the stock
3) last week closing made a hamme pattern , and hammer pattern at crucial support is a very good sign
4) On daily chart it is showing a triangle pattern
My view is bullish
ABCAPITAL Possible shortOn the 4H timeframe, I expect the price to break the 121.75 area, if it gets broken, then will enter on the pullback (around 126.20) and ride the wave till 102.50. Good risk to reward.
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Disclaimer:- Don't Listen to me, I'm not a financial advisor
Diamond Bottom Pattern Breakout ! Strong Trend Reversal PatternAB Capital has broken out big time after being a rank underperformer for years, see a runaway rally! Buy with a stop loss below 112 targets 152/200. A breakout of the diamond bottom pattern is seen on the chart. This is a strong reversal pattern.
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.
Ab Capital: Power of Patterns and Volume confirmation.(1) Upper Parallel Channel in Daily Chart,
(2) Cup n Handle Pattern in Daily Chart,
(3) Volume in Accumulation Phase.
(4) Volume as above average.
(5) Point of Control(P.O.C) : 55.25 as in Volume Profile.
(6) Rectangle Pattern in Daily Chart
Long opportunity:
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours and Reward is too yours.
NSE:ABCAPITAL