Hi guys, this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
Here is the stock I was looking very very closely for weeks and finally the strong indication of up side move is here. I suggest you to enter into the trade when it retests the trendline. For aggressive traders, enter at your will. Keep an eye on targets.
my view for investing / trading in ABCAPITAL- 1. company revenue as well as profit is increasing yearly. 2. on chart, daily candle is making double bottom pattern. 3. some serious buying happening since 2 days, supporting double bottom pattern 4. recent Q2 result was good and company is working on betterment of financials. this analysis is for education purpose only.
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
Rational : Triangle Pattern
Positional Trade: Aditya Birla Capital is on the verge of breaking out of a descending trend line with simultaneous rise in volume. CMP: 121 Target: 138 Stop Loss: 114
Entry around 118 to 120 Target 125 , 130 ( if it breaks out of the triangle pattern) stop loss 115 Risk Reward ( 1: 1.5 )
* This stock Pullback after breakout with low volume and also promoter buying 62 lakhs share average price of 118 to 120.00
- Long term Breakout Pattern - Huge Volumes near breakout levels - Breakout after a consolidation - Descending triangle pattern Breakout taking support at RSI (60) - Fundamentally strong stock - 125 can be a good entry level with stoploss 110 and 1st target at 150
GIVEN A BREAKOUT AND ALSO MADE A RETRANCEMENT LOOGING GOOD TO LONG
Logic and levels mentioned in the chart ~This analysis is only for educational purpose~ Please do like, comment if you have any suggestion/query regarding this analysis
Hie, In this investment series we talk about some fundamentally strong companies identified by Capital Market analysts in their latest issue. Aditya Birla Capital Ltd. engages in the provision of financial services. It offers group life insurance, general insurance, private equity, pension funds, corporate finance, and real estate finance. *FII/FPI have...
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.
On the 4H timeframe, I expect the price to break the 121.75 area, if it gets broken, then will enter on the pullback (around 126.20) and ride the wave till 102.50. Good risk to reward. About me:- Your scammer demo stock guru is back!! I lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then...
* High volume activity at the Breakout candle and showing strength. High probability setup for Long.
AB CAPITAL !! Aditya Birla Capital Levels Mentioned in Chart