ABCAPITAL trade ideas
Ascending Triangle on ABCaptialIncrease in volume after consolidation for 6 weeks. Further movement is expected with slow phase. RSI is over mid range, expecting it to move higher into buying zone in coming week. Looking for long here.
AB Capital: Breakout from the parallel channelSelf-explanatory chart.
Immediate target would be 77 rs in next couple of sessions only.
Aditya Birla Capital Inside candle break outInside Candle breakout at monthly
Buy @ Close of 31 Aug 2020
Sl @ low of August month.
ABCAPITAL : Nice buy.. do not missMy wave analysis suggest a good buy..
Details on the chart.
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Inverse H&S formation on a downtrendInverse H&S formation on a downtrend. Weekly: downtrend observed and moving up.
Cup & Handle, Trend Breaks on Handle, Short NOwCup & Handle Formation on Aditya Birla Capt.
Trend Line of Breaks & its Confirmation is also seen.
No Volume seen @ 16th July justifying Fake Upward Trend.
Overall Short the Share.
Its My own Analysis, & Not Recommending it to anybody to Short.
Upward trend Over, Will make Lower Lows-Volume ConfirmationAccording to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Thanks.
AB Capital - Short TermNot much to say but feedback is important therefore please do leave valuable comments and feedback.
P.S. - I am still learning therefore all rules might not have been followed correctly.
Cup and Handle -- ABCapitalPrice had moved already and could see some pullback before reaching the required level. Volume seems pretty good with lot of people coming which signifies better buy.
Ab Capital: Power of Patterns and Volume confirmation.(1) Upper Parallel Channel in Daily Chart,
(2) Cup n Handle Pattern in Daily Chart,
(3) Volume in Accumulation Phase.
(4) Volume as above average.
(5) Point of Control(P.O.C) : 55.25 as in Volume Profile.
(6) Rectangle Pattern in Daily Chart
Long opportunity:
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours and Reward is too yours.
NSE:ABCAPITAL
