Fashion
#ABFL PARALLEL CHANNEL BREAKOUT- WEEKLY CHARTAditya birla fashion weekly chart shows the breakout of the parallel channel.
CMP: 261
Retest may occur. If 1st retest fails then 2nd retest which would be 1st support is under parallel channel near 220 level.
Targets: 310/332
Rist reward: 1:1.5
Disclaimer: This is just for education purposes only. please research by yourself or take your financial advisor advise before entering the trade.
ARVIND FASHIONSThe stock is in bullish channel and making HHs HLs and expected to breakout soon with big volume. Target 20-40%
NOTE: I'm not a SEBI REG. Study before investing.
Arvind Fashion : Cup & Handle Garment industry seems to get some support from govt. this will boost stock performance.
ADITYA BIRLA FASHION TARGET HIT | TRADE SETUP FOR 28-07-2021NSE:ABFRL
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 then from that it will be the buy trade. Target will be 220, 223.50, 227.
It will be bullish after getting confirmation on the support either from 220 or from the orange trendline. Only took the trade after this confirmation.
Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.
All 3 targets achieved in Aditya Birla Fashion [ABFRL]NSE:ABFRL
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 any doubt or suggestion.
ABFRL | Aditya Birla Fashion | Trade Setup 26-07-2021NSE:ABFRL
Hope the chart is self explanatory.
If any doubt, do comment.
ARVIND FASHION 52 HIGH BREAKOUT TRADEARVIND FASHION IS RELATED TO BEST PERFORMING SECTOR - TEXTILE
AND PRICE CROSS 52 HIGH AFTER ALL CONSOLIDATION OF PRICE
ABFRL LOOKS ATTRACTIVE AT 225-226WE CAN EXPECT SOME CONSLIDATION AT THIS POINT FOR SOME TIME.
A GOOD MOVE CAN BE SEEN ANYTIME
Aditya Birla Fashion and Retail (ABFRL) for swing tradeCurrently price is testing a long term support/resistance region. Fib retracement drawn between Swing low on Feb 1st and Swing high march 9th, it says ABFRL can reach 205 and 223 soon.
Positive news attached : Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday reported earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 253 crore in Q4 FY21 against Rs 167 crore in Q4 FY20.
Clear breakout in Aditya Birla FashionIn the daily chart, rounding bottom with a breakout at 223 levels has been formed with huge vol.
1st target will be 246-250 based on the weekly chart. And put SL on the current daily candle bottom.
Buy ABRFL TG: 215Breakout of short term downtrend, Along with support retest, Could be bought for good targets,Place SL at 185
Disclaimer :- For educational purpose only.
Is Aditya Birla Fashion and Retail in the consolidation region?The technical analysis of the chart patterns indicate that the stock is in the consolidation region swaying between upper band of 153 and lower band of 131 The CMP of 137 indicates a small uptrend to 153. The RSI indicates that it is fairly valued and The also with the future group being sold to reliance could add extra capital to ABFRL as well as provide a wider market by entering the retail units of Reliance and online AJIO.
Disclaimer: The ideas posted are the author's personal opinion by analyzing the chart patterns and information available in the public domain. Due diligence is required.
NSE:ABFRL
Aditya birla fashion and retail | 1W | intresting levelsthis stock is ranging since it is listed.
currently, it's at a level.
if it breaksout then can take a swing long position.
if not and showes 2 red candles on weekly charts then go short .
in both cases, i would take a swing trade.
Aditya Birla fashion- Range boundStock 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 .
