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...
Buying ABFRL with SL of 135. Technically looking good with DOJI at the support.
Notice 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...
This stock appears to be in a Wyckoff Accumulation zone. A swift breakout past the top of the range at 171 would be a big positive development. Am watching this stock with interest...