Aditya birla fashion stock complete down side 5 wave and ready to bounce upside wave abc o.38%
Birla cable is forming Ascending triangle pattern which is most profitable chart pattern but keep an eye on tradeline once it is broken, Heavy sell can occur in no time. Trendline is the wall of Ascending triangle which should not be broken if you are positive about the upside move. The Best way to follow my Analysis is if the following conditions...
After making of H and S pattern a massive downfall is scene in the stock as can sustain below given levels it can show trend reversal .Currently stock is sustaining by support of 200 MA on daily chart.
buy AB capital on CMP for target 140, 160 break the consolation of 8 months
Birla corporation's stock price is near the supply zone. If the price falls from here, go long at the demand zone and if the price manages to break the supply zone, go for a momentum trade position. The bullish bat pattern sets the demand zone and below this demand zone, a huge fall could come. Below the demand zone, the downtrend will be confirmed because it has...
Keep it on ur radar.. its crossing a falling trend line..
I am already long but the trade can be risky at market levels. Keep strict SL if taking a trade! Any comments feel free to comment.
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.
Birlacorp has been on good run. Gave nice breakout after many years. Waiting for pullback to add more. Good entry will be from 1360 till 1260.
Monitor Aditya Birla Fashion and Retail for a good move. Consolidation is happening at bottom of channel.
In the daily chart, BirlaCorp has given a clear Darvas Box breakout . Create long position guys for the target of 800.
Birla soft broke its narrow range (by making symmetric triangle) and its long term (2 yrs) resistance (174) in previous day session with good volume, this is its second attempt to break this level. Its a good and safe buy above 188 if sustained for new highs WSL 175. If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.
Lovely point to enter Birla Corp beaten down after an uptrend
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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 .