ABFRL - Expecting more fall from this point nowAs expected & explained in my Jan 22nd analysis that stock would not go upside beyond 288
It tried twice but finally resisted and fell
And while falling it now broke important support area near 260-62
So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62
As it is now the new resistance as well as the flip zone, so the changes are very high
Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
ABFRL
ABFRL - Bearish Idea !Stock reaching near its resistance as well as flip zone of 282 - 88
Area is a valid supply zone
Any pull back in the area may push the stock further down again up to 262 to 250 this time
Valid stop loss for upside may be 290
Will wait for sell signal in lower time frame (1 hour or so)
Breaking Out Parallel Channel NSE:ABFRL is Likely Breaking out of a Parallel Channel on Dialy Time Frame, 295 - 307 Have Been Seen as the Lower Edge and a Good Accumulation Zone Since Election Day Results, A close above 360 Will give good Upside.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
ABFRL - Ichimoku Breakout📈 Stock Name - Aditya Birla Fashion And Retail Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 305.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ABFRL - Ichimoku Breakout📈 Stock Name - Aditya Birla Fashion And Retail Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 301.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
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Trend Reversal - ABFRL📊 Script: ABFRL
📊 Sector: Retail
📊 Industry: Textiles - Products
Key highlights: 💡⚡
📈 Script has taken support near 224 level. We may see trend reversal from here.
📈 Upside we can see 245 , 250 level with support of 224 level.
⏱️ C.M.P 📑💰- 228
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
ABFRL: Watch for the Breakout Above 240!ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock achieves a weekly close above 240.
Buy Consideration: Our focus for considering a buy position will be contingent upon the stock closing above the 240 threshold on a weekly timeframe.
Stay tuned for updates on this promising opportunity in ABFRL.
Aditya Birla Fashion (ABFRL) This is the chart of Aditya Birla Fashion (ABFRL) which is forming higher highs pattern on daily timeframe. The stock has tested the trendline multiple times and now according to my analysis, I think it will break the trendline and continue moving upwards for targets of 260, 277, 305, 320 (ATH)
Stop loss - 235
NOTE:- You can enter now or wait for the breakout, as per your will
Only for Educational Purpose
Do your own research
For queries or doubts you can text me on platforms provided on my profile
ABFRL - Bullish Swing ReversalNSE: ABFRL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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