ABFRL Analysis for short & long term ✔ Short+Long Term
buy ,if possible 158-168 range
trgt 180-200-230💰💰
sl 143‼️
study then invest🙏
pefectly respecting the channel👏
so we can expect 200++ in short term ✌️
this is just my view🙏
about Aditya Birla Fashion and Retail Ltd.
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Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.
ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.
ABFRL
ABFRL forming a expanding channel BUY signals at 160/157/153I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 160/157/153
Target : 204
Stop loss : 140
ABFRL forming a expanding channel BUY signals at 127I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a kind of expanding pattern .
It has been taking the support of the lower trend line .
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 127
Target : 158/161
Stop loss : 119
#7 Aditya Birla Fashion Retail - Upper Breakout NSE:ABFRL
Upper Breakout
Reasons being:
1. Parallel channel Breakout in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume
4. Price Jumps twice above 100 shows presence of Heavy Buyers
5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with a positive future expectation.
Long ABFRL for a target of 140 and 175 in 2 to 3 months
SL around 95
Aditya Birla Fashions: Nice PullbackNotice the pull back to the prior selling / breakout zone, represented by the top two horizontal red lines. Price has come back to retest or check for sellers. Notice the dip in volume in the last couple of trading sessions which represents the probe or retest.
If my assessment is right, price is likely to breakout soon. A move past 186 would be an interesting outcome to look forward to. Let's wait and watch