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Aditya Birla Fashion Retail LimitedABFRL (Daily):
- Stock is taking support on Rising Trendline
- ABFRL is consolidating near support (Trendline Support)
- Can consider going long above closing of 258 levels
- Stock has given closing above 20 Days MA in Daily Time Frame
- Also RSI is reversing from Oversold Zones in Daily Frame
Note: Above analysis is just for educational purpose.
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.
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Disclaimer: I am not SEBI registered and this analysis is not intended to be financial, investing, trading, or other sorts of advice or recommendations.
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
Aditya Birla Fashion & Retail Ltd - 17.03.2022Aditya Birla Fashion & Retail Ltd - 17.03.2022
The stock is trading @ 285 levels
There is a SUPPORT Zone @ 271 levels, one can initiate a buy position at current levels with support @ 271
The prices are above EMA
There is a DOJI in Weekly Charts
RSI is 57 in Weekly Charts
Watch out for the price actions
Simple Trade Setup | ABFRL | 03-02-2022 [INTRADAY]NSE:ABFRL
Observations:
1) On 1 day time frame, it made cup with handle pattern. And today it closed in the resistance zone 305-310 level.
Breakout of 310 will give good up move of 5-8 point easily on intraday basis.
Please refer below chart : 1day Time Frame.
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Trade Setup for 03-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
ABFRL: BUYPantaloons Fashion & Retail Limited is a lifestyle apparel company. The Company operates in three segments: Men's wear, Women's wear and Kids Wear.
Breakout of W pattern also restressed and go for big goal also given previous high second time. now time to achieve target.
CMP: 314.30
Target: 338
Buy above: 315
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