ABFRL - Expecting more fall from this point nowAs expected & explained in my Jan 22nd analysis that stock would not go upside beyond 288
It tried twice but finally resisted and fell
And while falling it now broke important support area near 260-62
So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62
As it is now the new resistance as well as the flip zone, so the changes are very high
Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
Abfrlview
ABFRL - Bearish Idea !Stock reaching near its resistance as well as flip zone of 282 - 88
Area is a valid supply zone
Any pull back in the area may push the stock further down again up to 262 to 250 this time
Valid stop loss for upside may be 290
Will wait for sell signal in lower time frame (1 hour or so)