this complete down side 5 wave and start bounces upside abc
Aditya birla fashion stock complete down side 5 wave and ready to bounce upside wave abc o.38%
Aditya Birla Fashion Head And Shoulder Pattern If neckline Broken will try to catch 178.
share name : aditya birla money call type : positional - share is forming double bottom pattern - golden retracement of 0.618 - a good consolidation can be seen between the level of 70 and 60 - Double bottom formation - we can accumulate this share above 70 - Approachable targets 88, 105 - stop loss 65 thanks
Short term investment for this stock .. stock is in breakout moments now
NSE: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...
NSE: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...
NSE:ABFRL Today it worked as planned. All 3 targets achieved. Now from tomorrow all the same levels will work as support and resistance. Keep the trade on either side if one of the level break out or breakdown and you can keep the next target of next level in either up or down direction in trade. Hope you had good trading in ABFRL. Do comment if you have...
NSE:ABFRL Today, it still didn't manage to break the orange trenline. Strategy and levels will still remains the same as per previous post.
NSE:ABFRL Hope the chart is self explanatory. If any doubt, do comment.
Monitor Aditya Birla Fashion and Retail for a good move. Consolidation is happening at bottom of channel.
I have read about this pattern in the Big Book of Chart Patterns and have accidentally traded using it in the Asian Paints Scrip. This is a short trade. As I am still learning about the pattern the entry and exit need to be observed. I believe there should be a pullback after which we can make an entry.
Stock has had bounce in the month of August 18, however since then its struggling near that month's high i.e 200-215. Currently stock has formed Gartley Pattern .