ABCAPITAL: Potential Short Setup with Key LevelsStock Name: ABCAPITAL
Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI).
Stop-Loss (SL): Placed above candle high to control risk effectively.
Target: Near the next key support level or adjusted based on real-time price movement.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
Abcapital_analyais
Bullish Breakout: ABCAPITAL Poised for Upside Towards 260Details:
Asset: Aditya Birla Capital Limited (ABCAPITAL)
Breakout Level: Above recent resistance, indicating bullish sentiment
Potential Target: 260
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Aditya Birla Capital Limited (ABCAPITAL) has recently experienced a breakout above a key resistance level, suggesting a shift in sentiment towards bullishness. This breakout indicates potential upward momentum, with the stock poised for a move towards the 260 mark.
Market Analysis:
Technical Breakout: ABCAPITAL's breakout above resistance signifies increased buying interest and the potential for further upside movement.
Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the bullish outlook for ABCAPITAL.
Price Target:
ABCAPITAL's breakout suggests a target price of 260, representing potential upside from the breakout level.
Risk Management:
Implementing a stop loss strategy below the breakout level can help manage risk in case of adverse price movements.
Timeframe:
The projected target of 260 is based on a short to medium-term outlook, but actual timing may vary depending on market conditions and catalysts.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to achieve a favorable risk-reward ratio.
As always, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making investment decisions.
ABCAPITAL Analysis and Prediction in DTFThis is the analysis of ABCAPITAL in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About ABCAPITAL:
Aditya Birla Capital Ltd. engages in the provision of financial services. It operates through the following segments: NBFC, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance, and Other Financial Services. The company was founded on October 15, 2007 and is headquartered in Mumbai, India.
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!
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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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ABCAPITAL - BULLISHDate - 25/04/2022
ABCAPITAL
It is taking support at 100 EMA , now it has formed kind of MORNING STAR candle. Thus, there is probability of moving upward.
CMP - 115.75
TGT - 119.50,127.50,136.50
SL - 107.50
Disclaimer : - This video is for EDUCATION PURPOSE only. If anybody is taking position based on this video he/she will be self responsible for their Profit or losses. I am not a SEBI registered analyst or advisor.
AB CAPITAL Has Completed An 8-Month-Old Correction.According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x works as a resistance which can be the best entry for bull traders.
We can see the following targets:
127.70
138.96
151.2
165.9+
Invalidation: breakout of the minor channel.
TRENDLINE BRAEKOUT IN ABCAPITAL In chart as you can see previously trendline which I have drawn as a channel there in chart has acted as a strong trendline resistance, price got pushed down every time it touched the zone/trendline/resistance channel. A Strong Breakout with such huge/unusual volume can be seen in chart and also breakage in (Lower Low) LL- (Higher High) LH cycle, can be a good pick for medium term or for like 5-8 weeks. Can be bought here at these current levels or else go for buy on dip till 112-113 level for the given targets in the chart with strict Stop-Loss of 110 level (candle closing below basis only) . Consider booking partial profits at/near/around given targets.
ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF DESCENDING TRENDLINE BREAKOUT. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
ABCAPITAL : Positional Buy Trade SetupNSE:ABCAPITAL
Hi Traders,
ABCAPITAL trade setup, entry and target level on chart.
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* This analysis is educational/learning purpose only.
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