ABCAPITAL trade ideas
AB Capital - Time consolidationA company that had been giving good results but frustrating its investors for the longest time.
It pretty much didn't go up during the entire upmove but instead time corrected.
Long above 193 and again above 197..
This is among those stocks which is more of investment grade and the SL would be so much deeper that its difficult to keep a proper stoploss.
But 173/165 are decent stoplosses for this co.
ABCAPITAL ABCAPITAL
# AB capital reported strong quarterly Report on Jan 5,2024.
# Banks net Income increased 12% year-over-year.
#Company Announced a New Partnership with Leading Fintech company to enhance its digital Banking services.
#Company Announced the Acquisition of a Small region Bank in South East Asia, which is Boost International Operations.
# Technically the stock breaks the previous Trendline level of 180 range with huge volume . If it sustains above 193 level then we can see the sharp rise on price momentum upto 217,260,321 +++ on very short term.
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ABCAPITAL bullish AB-CD patter ABCAPITAL is an interesting chart with following
1. RSI on daily and Monthly chart above 60
2. AB-CD pattern under formation on weekly chart
3. Price formed a bullish candle on Weekly chart with huge Volume
4. Narrowing Bollinger Bands on Weekly charts
5. Can be a good Risk reward with Buy on Dips and dips only for a price target of 198-211-225 and positional tgt of 244-270 zone
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ABCAPITAL - Bullish Swing Reversal with VolumesNSE: ABCAPITAL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has reversed at key support area which is indicating demand.
One can look for a 16% to 24% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Technical Analysis for ABCapital Ltd Overview:
In the weekly chart, ABCapital Ltd has displayed an impulsive wave, followed by a corrective wave pattern. Additionally, a bearish crossover of the signal line over the MACD line has been observed.
Analysis:
The stock exhibits a potential shift from bullish to corrective sentiment.
Bearish MACD crossover signals potential downside momentum.
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Trading involves risks, and past performance is not indicative of future results. Please conduct your research and consult with a financial advisor before making investment decisions.
Note: Replace "Ticker: #ABCAPITALLTD" with the actual ticker symbol for ABCapital Ltd.