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ADITYA BIRLA FASHION AND RETAIADITYA BIRLA FASHION AND RETAIADITYA BIRLA FASHION AND RETAI

ADITYA BIRLA FASHION AND RETAI

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ABFRL trade ideas

Aditya Birla Fashion & Retail (NSE: ABFRL) – Price Volume ContraThe stock has been in a range-bound consolidation between ₹330 and ₹355 for over three months and is showing signs of a potential breakout: Price Volume Contraction: The price has been tightly consolidated with lower volume, indicating a reduction in volatility. A breakout with increased volume could signify a strong move. Moving Averages: The stock is well-supported by the 50-day and 100-day moving averages, which are trending upwards, adding bullish momentum to the setup. RSI (14): The RSI is currently around 65, signaling strength and further potential for an upward breakout without being in overbought territory. Resistance: The stock has recently tested the resistance at ₹354 multiple times, and a close above this level could lead to a breakout with significant upward momentum.
NSE:ABFRLLong
by Technical_Satish
Aditya Birla Fashion & Retail Ltd (ABFRL). STOCK ANALYSIS Aditya Birla Fashion & Retail Ltd (ABFRL). Below is an analysis of the chart: Key Observations: Price Movement: The stock experienced a correction of 39.75 INR (11.46%), followed by a recovery of 36.90 INR (10.63%). The current price of the stock is around 343.30 INR. Recent Recovery: After the 11.46% decline, the stock has bounced back, gaining 10.63%, indicating renewed buying interest. This suggests a recovery after a dip. Support and Resistance: The support level appears to be around the 300-320 INR range, where the price found support during the decline. The resistance level is around the 360-370 INR range, where the previous rally saw some selling pressure. Volume and CVD: The CVD (Cumulative Volume Delta) indicates negative numbers, suggesting selling pressure in recent sessions. This may signal that the stock needs more volume or buying power to break above current resistance. Outlook: If the stock breaks the 360 INR resistance, it could see more upside momentum, but if it faces selling pressure, it may revisit the support zone. Conclusion: The stock is in a recovery phase after an earlier decline, but there is resistance ahead. Breaking the resistance around 360-370 INR could lead to further gains. Monitor Volume: To confirm bullish strength, an increase in buying volume would be crucial.
NSE:ABFRLLong
by shivtoshiva2022
Breaking Out Parallel Channel NSE:ABFRL is Likely Breaking out of a Parallel Channel on Dialy Time Frame, 295 - 307 Have Been Seen as the Lower Edge and a Good Accumulation Zone Since Election Day Results, A close above 360 Will give good Upside. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ABFRLLong
by Karanshah137
Medium term trading opportunity in ABFRL for > 25% upsideHi, NSE:ABFRL has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:ABFRLLong
by raigvivek
ABFRL - Understanding MACD for buying and sellingMoving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA Components of MACD: - MACD Line - the fastest moving average (short-term EMA) : Blue line - Signal Line - the slowest moving average (long-term EMA) : Orange line - MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished. - Dashed line is Zero line From the above chart we can see: 1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish 2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum 3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum Price on 22-04-2024 : 231 Price on 20-06-2024 : 333 It gave 44% returns in less than 2 month Please do hit like if you learnt from this post.
NSE:ABFRLLong
by PowerOfTA
ABFR Ltd: Recent Performance and Market InsightsAditya Birla Fashions and Retail Ltd (ABFRL) has shown a significant uptrend, with a 14% gain following its recent quarterly results. This surge is notable as the stock has taken support from the middle Bollinger Band and is now approaching its overbought zone, breaking above the upper Bollinger Band. Current Support Levels: Primary Support: 240 Secondary Support: 230 In the coming weeks, we might observe a slight correction as the stock adjusts from its overbought condition. This period could provide a crucial opportunity for traders to reassess their positions. Key Insights: The stock's strong quarterly results have driven its recent uptrend. Technical indicators suggest it is approaching an overbought zone, signaling potential short-term volatility. Monitoring the support levels at 240 and 230 will be essential for making informed trading decisions. As always, thorough research and a cautious approach are imperative when navigating the stock market. Ensure your trading decisions are well-informed and aligned with your financial strategy. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Investing in the stock market involves risk, and it's important to conduct your own research or consult with a financial advisor before making investment decisions. #StockMarket #Trading #Investment #ABFRL #MarketAnalysis #FinancialInsights #BollingerBands #TechnicalAnalysis #StockTrends #MarketCorrection #InvestmentStrategy #RiskManagement #WealthBuilding
NSE:ABFRL
by RSIBBTRADER
ABFRL - Ichimoku Breakout📈 Stock Name - Aditya Birla Fashion And Retail Limited 🌐 Ichimoku Cloud Setup: 1️⃣ Today's close is above the Conversion Line. 2️⃣ Future Kumo is Turning Bullish. 3️⃣ Chikou span is slanting upwards. All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 305. 🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market. #CloudTrading #IchimokuCloud #IchimokuFollowers #Ichimokuexpert Excited about this analysis? Share your thoughts in the comments below! 👍 Like, Share, and Subscribe for daily market insights! 🚀 #StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #abfrl
NSE:ABFRLLong
by nikunjbhadja