ABFRL given breakout with volume and after brief consolidationABFRL given breakout with volume and after brief consolidation
ABFRL trade ideas
Aditya Birla Fashion - 2mth H&S within 7mth C&H patternBUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
ABFRL - Breakout story will unfold after price close above 235.ABFRL - Breakout story will unfold after price close above 235.
TrendingSimple low risk trade. Previous high gives huge space for gain and parallel channel has formed
BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
Short Term Swing trade ideaFundamental are Strong
Near resistance with good volume entering
One can enter after breakout for long and short tgts
ABRFL LongMy first post, found inverse Head and Shoulder pattern on ABRFL daily chart. after the breakout it may go same as head depth.
Aditya Birla Fashion: The fashion stock in makingABFRL is forming a bull flag with steady volumes. It has returned back to its long term rising channel which has been active since May 2020. Price is at a zone of significance and may show some sideways movement but its prepping to show and up move. Can be bought at CMP for a target of 224, 232 and 245. with a stoploss of 200. This is a good fashion stock anyone would want to have in his/her portfolio.
Message me or comment for faster updates. I am not a financial advisor and this is for educational purposes only.
lookong good for short term long. acceding triangle pattern in weekly timeframe. if break 230 with flow and high volume then the upsite is open till 280.
idea is for educational purpose only.
ABFRL short term view ABFRL view on short term ..
Stop Loss and Target placed on the chart.
Entry level same as shown in chart.
watch out this stock.
thank you !!
Short ABFRL Indicators:
MACD Negative Crossover
RSI below 40
Factors against:
Fibonacci Retracement Support level around 198
No Major Volume Sellout
2 strong indicators for
1 major (volume) indicator against
ABFRL - Bullish Breakout ExpectedLooks like all the selling is getting absorbed
Even after so many shooting stars stock not ready to go down
May go higher levels if breaks abv 223/225
Expecting 250/270 in coming days
Grt R:R
View negated 210
ABFRL longKeep an eye on ABFRL for long term. Close above 235 will be more positive. Stoploss below the trendline on WCB
Quick Trade possibility in ABFRL for 13 September 2021Trade possibility in ABFRL for 13 September 2021
inside bar on daily frame.
descending triangle.
ABFRLShort Term Pick:
1. Inverse H&S Pattern based on Line Chart.
2. Good Bounce from Trendline during recent time.
3. Flag & Pole Pattern.
4. Take Entry with Inside Bar Strategy.
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL
Observations:
1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support.
This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228.
Please refer below chart : Daily time frame.
2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side.
Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove.
Please refer below chart : 15 time frame.
------------------------------------------
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
ABFRL from 12-9-21The stock is showing good movement upside
best buy zone - -- 178-184
target 240-250-300
Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]NSE:ABFRL
Observations:
1) On Daily Time frame you can see that it gave rounding bottom pattern breakout on 02-09-2021.
Please refer below chart : Daily time frame.
2)Also, on Daily Time frame you can see that it has critical level of 220 which was working as resistance many times before. For new buy entry this 220 level needs to be breakout.
And from 21 DMA it took good support.
Please refer below chart : Daily time frame.
-------------------------------------
For POSITIONAL trade one can take safe long position only on sustainable breakout of 220 level. SL will be 210 and Target will be 240 in short/mid term.
-------------------------------------
Trade Setup for Date 03-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
