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. ...
Time:- 8 to 12 weeks
By analysis of the chart of ABFRL, we can easily see that stock has already take support on the support line shown bull candles, RSI also at oversold position. So we can enter in this point.
ADITY BIRLA FASHION TARGET 232 IN A WEEK.
Aditya Birla Fashion and Retail: The company’s board has agreed to the raising of funds via issue of 4,000 unsecured rated, redeemable non-convertible debenture of face value of ₹10 lakh each on a private placement basis.
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...
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...
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...