ABFRL
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = ABFRL
Time Frame = 1 Day
ABFRL AnalysisABFRL on weekly timeframe is showing early signs of reversal, the stock is currently consolidating around 50% retracement level from Covid low to ATH and after a correction from top, since last 4 weeks it is making base here.
This may even turn out to be higher bottom in comparison to June low.
Overall the level is also at a channel trendline support zone and does provide a low risk entry here.
On daily time frame, the stock is trading in a range and has formed a morning star pattern with a 20dema breakout as well. The volumes were also good in today's session. RSI is also gaining momentum with a some hints of positive divergence ..
Breakdown in Aditya Birla Fashion And Retail Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Aditya Birla Fashion Retail LimitedABFRL (Daily):
- Stock is taking support on Rising Trendline
- ABFRL is consolidating near support (Trendline Support)
- Can consider going long above closing of 258 levels
- Stock has given closing above 20 Days MA in Daily Time Frame
- Also RSI is reversing from Oversold Zones in Daily Frame
Note: Above analysis is just for educational purpose.
ABFRL - Low risk High Reward Trade on Breakout RetestABFRL - On the 15-minute time frame Aditya Birla Fashion has breached a key level, and current trend is bullish on higher time frames.
Entry should be made on a retest of the breakout, and stop loss should be kept below the key level zone.
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Disclaimer: I am not SEBI registered and this analysis is not intended to be financial, investing, trading, or other sorts of advice or recommendations.
ABFRL Trend AnalysisABFRL is at strong support. Trade with a tight SL
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ABFRL - Ichimoku Bullish Breakout Stock Name - Aditya Birla Fashion And Retail Limited
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 356
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Fresh Breakout in ABFRLAditya Birla Fashion Retail Limited Looks Bullish for Short Term on Daily and 4-Hourly Charts. I am Buying Stock at Current Prices @ 289 with Stoploss placed below 269 (50% Fibonacci Retrenchment Level) Targets Expected are 320/340 in the next 7-10 Trading sessions.
Reasons To Buy ABFRL:
# Stock is able to sustain above Resistance of 283.50
# Volumes on the breakout is High.
# Stock managed to Close above 61.8% Fibonacci Levels.
# Options Data Suggest Bullishness in the Stock
AdityaBirlaFashion and RetailLtdTarget321Aditya Birla Fashion and Retail Ltd
NSE: ABFRL
Hi Aditya Birla Fashion and Retail Ltd Breakout level now in Fibonacci Retracement Levels crossed above 61% of 283.25 level.
BUY above 295 for long. NEXT TARGET 300, 321 of Fibonacci Retracement Levels 78% and 100%. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
watch for support breakdown short below 244 in intraday
can trade for swing as well but need closing below 244 and stoploss 254 Daily Candle close.
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high
ABFRL Technical AnalysisHello Guys , Today I Have The Technical Chart of ABFTL it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 273 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 15 min
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- ABFRL ( Aditya Birla Fashion and Retail Limited )
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .