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Abfrltradesetup

ABFRL SWING LONG1. 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 ( fibonacci 1.618 level ), 30% . Short term targets are 331 ( 8.5% ) and 358 (17%). For mid to long term a good entry will be after a pullback , when it took a support over 20 EMA. Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:ABFRLLong
by hjharsh
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL Observations: 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. 2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side. Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove. Please refer below chart : 15 time frame. ------------------------------------------ Trade Setup for Date 13-09-2021: 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. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:ABFRL
by Trading_hawk
Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]NSE:ABFRL Observations: 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 220 level needs to be breakout. And from 21 DMA it took good support. Please refer below chart : Daily time frame. ------------------------------------- For POSITIONAL trade one can take safe long position only on sustainable breakout of 220 level. SL will be 210 and Target will be 240 in short/mid term. ------------------------------------- Trade Setup for Date 03-09-2021: 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. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:ABFRL
by Trading_hawk
ADITYA BIRLA FASHION TARGET HIT | TRADE SETUP FOR 28-07-2021NSE:ABFRL 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 then from that it will be the buy trade. Target will be 220, 223.50, 227. It will be bullish after getting confirmation on the support either from 220 or from the orange trendline. Only took the trade after this confirmation. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:ABFRLLong
by Trading_hawk