Abfrltradesetup
Breaking Out Parallel Channel NSE:ABFRL is Likely Breaking out of a Parallel Channel on Dialy Time Frame, 295 - 307 Have Been Seen as the Lower Edge and a Good Accumulation Zone Since Election Day Results, A close above 360 Will give good Upside.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Medium term trading opportunity in ABFRL for > 25% upsideHi,
NSE:ABFRL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
ABFRL : Short Trade OpportunityGood 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 Oct 22 unprecendently.
It followed up with a Big sell off..
This time around the Sell off is done with Heavy Volumes.
Big downside is evident. Good candidate for Short side.
Time Frame : Weekly
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
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.
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 more of these kinds of analysis.
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
Simple Trade Setup | ABFRL | 29-03-2022 [INTRADAY]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 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.
Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]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 Frame.
-------------------------------------
Trade Setup for 28-03-2022
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 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.
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.
-------------------------------------
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
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Aditya Birla fashion 2 possibilitiesHello 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 support.
Scenario 2
It takes support from bottom channel line:
It falls down but without triggering our short.
Risk reward will be 1:5
Takes support from the 200 MA or
Takes support from bottom channel trendline
Bounces up to the upper side of channel
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]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.
-------------------------------------
Trade Setup for 17-01-2022
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.