there is a wedge break-down in ABSLAMC and going to make a H&S pattern, if H&S if complete then high probability of going to down, add this stock in your watch list for short sell. setup for intraday.
The stock stock showing strong upward momentum since a year not its preparing for a big move after breakout and retest.
keep the stock in radar.
#note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor.
Aditya 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...
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...
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...
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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...
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x...
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
ABFRL under triangular flag , try to buy this stock when it bounce back from support trend line showing in the chart with good volume . After having squeezing behaviour it is going to break from the above trend line for good targets. (New high)
Buy only if the stock breaks the parallel channel and closes on the weekly chart.
FOLLOW this account for more such updates ahead
Till then,
Happy Trading :)
ABCAPITAL IS underperforming since March .Gave a downside move of 30% from March Highs. There is trendline breakout possible .So, consider it buying and keep this stock for midterm swing. Short-term swing can be done for 10-20%.
Buy-Above 119
Sl-110
Target- 130 140 170
ABFRL is forming a bull flag with steady volumes. It has returned back to its long term rising channel which has been active since May 2020. Price is at a zone of significance and may show some sideways movement but its prepping to show and up move. Can be bought at CMP for a target of 224, 232 and 245. with a stoploss of 200. This is a good fashion stock anyone...
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...
![ABFRL: Simple Trade Setup | ABFRL | 29-03-2022 [INTRADAY]](https://s3.tradingview.com/j/Jw9koyfc_mid.png "Simple Trade Setup | ABFRL | 29-03-2022 [INTRADAY]")
![ABFRL: Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]](https://s3.tradingview.com/o/ohCf96td_mid.png "Simple Trade Setup | ABFRL | 28-03-2022 [INTRADAY]")
![ABFRL: Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]](https://s3.tradingview.com/d/deYDnwks_mid.png "Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]")
![ABFRL: Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]](https://s3.tradingview.com/c/c3DGFjpU_mid.png "Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]")