ABFRL (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 - 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...
Aditya 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
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...
Pantaloons 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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If...
![ABFRL: Simple Trade Setup | ABFRL | 03-02-2022 [INTRADAY]](https://s3.tradingview.com/u/uDjvyynu_mid.png "Simple Trade Setup | ABFRL | 03-02-2022 [INTRADAY]")
