1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support.
This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228.
Please refer below chart : Daily time frame. ...
1) On Daily Time frame you can see that it gave rounding bottom pattern breakout on 02-09-2021.
Please refer below chart : Daily time frame.
2)Also, on Daily Time frame you can see that it has critical level of 220 which was working as resistance many times before. For new buy entry this...
1. ABFRL is currently moving in the channel pattern under weekly time frame
2. It is evident from the chart that it has taken multiple support and rejected multiple times at the resistance line
3. Right now it has hit the support line and we can expect a positive move toward the resistance line.
4. Good opportunity for swing trade till the resistance line
Today, 27-07-2021, it has broken the orange trendline and hit two targets above it.
Trade setup for 28-07-2021
It may come to test the 220 level or even till the orange trendline.
1) If it takes support from 220 level then it will be a buy trade. Targets are mentioned on the chart.
2) If it goes till orange trendline and takes support from it...