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ABFRL

ADITYA BIRLA FASHION TARGET HIT | TRADE SETUP FOR 28-07-2021NSE:ABFRL Today, 27-07-2021, it has broken the orange trendline and hit two targets above it. Trade setup for 28-07-2021 It may come to test the 220 level or even till the orange trendline. 1) If it takes support from 220 level then it will be a buy trade. Targets are mentioned on the chart. 2) If it goes till orange trendline and takes support from it then from that it will be the buy trade. Target will be 220, 223.50, 227. It will be bullish after getting confirmation on the support either from 220 or from the orange trendline. Only took the trade after this confirmation. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:ABFRLLong
by Trading_hawk
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241. Confirmations: Morning star candlestick pattern : Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend. Breakout : Symmetric triangle pattern breakout with a Large bullish candle. Volume : Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA. MACD : MACD crossing above zero is considered bullish. MACD histogram showing positive strength. Histogram bars are increasing. RSI : RSI is above 60. Its a good sign for a bullish trend with a good strength. Here I have considered target from resistance line near 241. Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
NSE:ABFRLLong
by AmeyKajarekar
FY21-22 Swing Trade Idea #25: Long on ABFRL This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:ABFRLLong
by onerighttrade
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