ABCAPITAL AnalysisFOR LEARNING PURPOSE
ABCAPITAL - The current price of ABCAPITAL is 204.80 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with great volume
3. Its at 6 year high and trying to reach ATH
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous as its a famous ground (Aditya Birla Group)
7. The sector is also supporting and looking good at this point of time (NBFC)
I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 175 rupees
I will be managing my risk.