ABCAPITAL Trading Above Fresh Weekly Demand ZoneABCAPITAL is currently trading at ₹183.01, above its demand zone between ₹178.4 and ₹174.55, established on 5th April 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price pulls back to this range. Investors may monitor for a potential entry opportunity near this support level.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Adityabirlacapital
AB CAPITAL, LONGAditya Birla Capital, AB Capital stock has seen huge correction (value erosion after IPO) from Yr 2017 upto Yr 2020, from the High of 255 to Low of 39 in the span of 3yrs. The stock rode the wave of bullish sentiments in the stock market after Covid19 and touched the high of 199 in July 2023. The stock is close to giving multi-year breakout (7yr) based on Cup-Handle pattern. The fall and rise is very close to rounding bottom pattern which gives the specified target. The lines are key support / resistance levels.
ADITYA BIRLA CAPITAL taking retrace after breakout yearly levelIf we can see longer time frame we can see a cup and holder pattern created . When ever create this pattern a very sharps and good move we can see.
What pattern Support behind this Stock:
Inverted Head and Shoulder.
Cup and holder pattern .
This stock breakout and now retracing the resistance level of 159.85-160 and makes it a support.
Entry Point: after break the trendline with good volume and buying prefer above 180 level.
Keep on your eyes on this stock.
Triangle Breakout in ABCAPITALFrom past 4 years stock was trading in a downtrend. But some significant changes would have taken place in the company in recent 2 years, leading to price recovery and triangle pattern formation with strong resistance faced around 130 to 140 levels.
Stock had given breakout from this level in the month of November with a good volume and started consolidating above this level. On 28th Feb we can observe breakout from this consolidation.
Price level of 130-140 should act as immediate support. Ideal Stop loss can be at 122 for Long term trades, for Swing trades SL can be placed around 130. All possible targets are marked on the chart.
Looking at the chart from the long-term perspective, there is a possibility of another rally of 70-80% in coming years. We may even witness formation of Rounding bottom / Cup and handle in few years if on going trend prevails.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:ABCAPITAL
ABFRL preparing for a bull run 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.
#AdityaBirlaCapital #ABCapital at Harmonic Support NSE:ABCAPITAL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
AB CAPITAL Has Completed An 8-Month-Old Correction.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 works as a resistance which can be the best entry for bull traders.
We can see the following targets:
127.70
138.96
151.2
165.9+
Invalidation: breakout of the minor channel.
AB Capital - Bull flag + Support from 200 EMAKey Highlights:
1. Bull flag formation
2. Rebounded from 200 EMA.
3. Good volume expansion.
4. Shift in market structure on HTF.
5. Look for pullbacks on lower time frames and enter accordingly.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
AB capital bullish above 116 | 6 month old Trnd Line breachedAditya Birla Capital was forming descending Trendline from last 6-7 months. Now this Trendline has been breached by ABC and it is about to made new high from here. Volume ia also good at this level. you can enter now or wait for a minor Retest. You can hold this share for positional purpose or Long term investment. This is a fundamentally strong company.