ABFRL - 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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Aditya 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...
NSE:ABFRL
Observations:
1) On 1day time frame, we can see it gave breakout of the resistance channel on Thursday and on Friday session it closed just at it or slight above it.
If this Friday session move was to test the breakout and it takes support from this resistance channel then we can see good up move from here.
Please refer below chart : 1day Time...
![ABFRL: Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]](https://s3.tradingview.com/o/ohCf96td_mid.png "Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]")
