The stock is currently in 4th wave consolidation.
Break of 245 price may move for the 5th... minimum projection being 220 for the same.
Lets see how this develops.
Good Day,
Hello Traders,
ABFRL is ready for a big downside as it went through different phases
Firstly, it was in a parallel channel upside from Feb 21 till May 22.It incldes a HEAD and SHOULDER pattern which it formed during this phase.
It broke the neckline in June 22 with a heavy sell off in the weekly candle.
Suprisingly , it rallied since July 22 till...
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.
I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for...
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...
Take it as Double top or a Head and shoulder, the stock has broken the neckline and is re-testing the same near 256-260 zone. One should go short on the current levels and look for the target area of 200-197 in the coming weeks. Maintain SL of 280
NSE:ABFRL
Trade Setup for 29-03-2022
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...
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...
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
Feel free to share your feedback and queries.
If...
Hello traders, this stock has been in my watchlist for a long time now, but for me it's not tradeable right now until and unless it it triggers one of the 2 possible scenario above.
Scenario 1
It completes the double top pattern:
In this case it will go to the bottom of the long existing channel.
Risk reward will be 1:4
200 MA cluster can also act...
NSE:ABFRL
Observations:
1) On 1 day time, we can see now it is near major range of 305-310.
Breakout of this range will lead it to good up move.
If it faces resistance from it then we will see down fall.
Please refer below chart : 1day Time Frame.
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Trade Setup for 17-01-2022
1) Don't Jump in to trade at the...
1. A major trend line breakout happend 6 weeks back, after that continuously in a strong uptrend.
2. On 2nd November it breaks its all time high of 281.35 and closed at 288.10 with a strong bullish candle of 6.23%.
3. Today stock pickups the momentum after the successful retest over the level of 281.25
Details :
Buy range : 296-306
Stoploss : 275
Target : 396...
![ABFRL: Simple Trade Setup | ABFRL | 29-03-2022 [INTRADAY]](https://s3.tradingview.com/j/Jw9koyfc_mid.png "Simple Trade Setup | ABFRL | 29-03-2022 [INTRADAY]")
![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]")
![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]")
![ABFRL: Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/d/deYDnwks_mid.png "Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]")
