Symmetrical triangle (Pennant) breakout happens. Let it stay above the next immediate resistance 115. Then go long.
Buy above 115
Target-1 120, Target-2: 128
SL: 109
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...
Inside Bar in Weekly
Accumulation In daily
Trend Line Break in Weekly
Volumes Exceptionally Good
Delivery Volumes are on the Higher Side
Expecting Stock to reach 138 once it crosses and sustains 118
View negates with close below 112
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...
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
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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
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) Took support at crucial level tested many times failed to break the level
2) Flag pattern can be seen which is giving a clear buy setup
3) If you see the volume a breakout candle can be seen with a big volume s\
so keep an eye on it
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.
