NSE: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...
An investment company with more than 70 % promoter holding.Deliverig good profits over continuous years. Now its near its 52 week high. Expecting a good movement if it crosses 160 levels
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...
Date - 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...
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...
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...
NSE:ABCAPITAL
Hi Traders,
ABCAPITAL trade setup, entry and target level on chart.
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This would give us ...
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
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+.
I have shared the broader analysis for ABCAPITAL. Now we need to execute our trade in smaller timeframe.
ABCAPITAL
Buy - 115
SL- 110
Target 130 150 170
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
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.
