The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Aditya Birla Capital currently operates as a Non-Deposit taking Systemically Important-Core Investment Company. PAT margin has surged by 20.25%, The company is trading at 1.10 times the book value, Promoters shareholding is 70.70%.
AB Capital - Cmp 117.50
The stock is trading near an important support area and has formed a bullish candle. Looks good for long for initial targets 0f 125/130/140 with stop loss of 110 on closing basis.
It is consolidating within a range (112-130) forming a textbook Flag pattern on D, W & M charts; also a Double Bottom in W charts can be seen. Short term targets are mentioned although it can be a great investment idea.
1. BO happened at 115 and taken the support at the same level in the retracement.
2. Buy above triangle breakout or 130
3. SL 112
4. Target 150/170/210
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
#ABCAPITA has formed a Rounded bottom pattern. On breaking the pattern, it will be super bullish. Try buying during the pullback and enjoy the ride.
Only for educational purposes only - trade at your own risk.
Good luck.
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
- 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
note
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
