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ABFRL

ABFRL - Breakout & Retested NSE:ABFRL Elliott Wave Theory Suggests a New Uptrend Description: ABFRL stock has given a breakout and retested the breakout level. This is a bullish sign and suggests that the stock could be starting a new uptrend. According to the Elliott Wave Theory, if the stock breaks above 217, it could reach 241. A stoploss of 205.45 is recommended. Technical indicators such as RSI, MACD, and Chaikin Money Flow are all bullish. The price is also near the upper Bollinger band and trading above the Supertrend. Here is a more detailed explanation of each technical indicator: RSI (Relative Strength Index): The RSI is a momentum indicator that measures the speed and magnitude of price movements. A reading above 50 indicates that the stock is overbought, while a reading below 50 indicates that the stock is oversold. The RSI for ABFRL stock is currently above 50, which is a bullish sign. MACD (Moving Average Convergence Divergence): The MACD is a trend-following indicator that shows the relationship between two moving averages. A positive MACD reading indicates that the moving averages are converging, which is a bullish sign. The MACD for ABFRL stock is currently positive, which is another bullish sign. Chaikin Money Flow (CMF): The CMF is a volume-based indicator that measures the amount of money flowing into and out of a stock. A reading above 0 indicates that there is more money flowing into the stock than out of it, which is a bullish sign. The CMF for ABFRL stock is currently above 0, which is another bullish sign. Bollinger Bands (Bollinger Bands): Bollinger Bands are a volatility indicator that show the standard deviation of a stock's price over a period of time. The bands are plotted above and below the moving average of the stock's price. When the price moves outside of the bands, it is considered to be a sign of volatility. The price of ABFRL stock is currently near the upper Bollinger band, which is a bullish sign. Supertrend (Supertrend): The Supertrend is a trend-following indicator that uses a combination of moving averages and a volatility indicator to identify trends. The Supertrend for ABFRL stock is currently pointing upwards, which is a bullish sign. Overall, the technical indicators suggest that ABFRL stock is in a bullish trend and could reach 241 if it breaks above 217. However, it is important to remember that technical indicators are not always accurate and should not be used as the sole basis for making investment decisions.
NSE:ABFRLLong
by Ajay7871
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 ..
NSE:ABFRLLong
by aktradelearning
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. I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for more of these kinds of analysis. Disclaimer: I am not SEBI registered and this analysis is not intended to be financial, investing, trading, or other sorts of advice or recommendations.
NSE:ABFRLLong
by AfnanTAjuddin
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. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:ABFRLLong
by nikunjbhadja
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
NSE:ABFRLLong
by JustProfitPlay