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%.
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+.
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
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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.