ABFRL trade ideas
Aditya Birla Fashion Positional Again
ABFRL : cmp: 221.5
Trading near the resistance levels of 224.
If it surpass and sustains above the BO lvl a fresh buying move possible in the short term.
230/236/242
SL 207
Positional TGT 275
SL 195
Previously it moved from 176 to 220.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
abrfl breakout wait for breakout closing above 225 CMP 221 TGT 245/60/65 TIMEFRAME: WEEKLY
CONSULT YOUR FINANCIAL ADVISOR BEFORE BUYING
Aditya Birla Fashion Positional View !!ABFRL : cmp : 176.50
Its is in support /accumulation zone .
A bounce back could be possible from here or may be some minor dips.
Stock from current level might move towards 220
SL 157 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
ABFRL, 3 FACTOR CONFLUENCE SETUP. READY TO BLAST IN COMING DAYSABFRL looks good above 225 (immediate breakout for Intraday) & if closes above 227-230 then can be taken for positional as well.
Its a conflunce of 3 setups as explained on chart.
1. Cup with handle (blue colour)
2. Symmetrical Triangle (yellow colour)
3. Weekly/Monthly resistance line breakout at 225
Keep it on radar and work with risk management.
Thanks
Piyush Gupta
Learn & Earn
ABFRL on the verge of a breakoutAs the lockdown is easing, fashion is likely to make a comeback. Moreover, the share has been upgraded to F&O in the NSE.
If it crosses resistance @226, on high volumes, it may give a breakout. Target is 280, weak below 208.
Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
Clear breakout in Aditya Birla FashionIn the daily chart, rounding bottom with a breakout at 223 levels has been formed with huge vol.
1st target will be 246-250 based on the weekly chart. And put SL on the current daily candle bottom.
Major Resistance/Support Looks good for Monday , if breaks and sustains above the given level , can be considered for swing.
Formation of Cup and Handle Pattern in ABFRL, Target 300 Formation of Cup and Handle Pattern in ABFRL, Target 300 in near term
Good swing candidateThe stock has given a triangle breakout and looks good above 224 for 244 and 277 positionally
ABFRL ABFRL (D):- 221.5 CMP, LOOKS GOOD FOR 280 :)
1) Rising Channel :)
2) Volume Spike + F&O Stock now (+ve sign)
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241.
Confirmations:
Morning star candlestick pattern :
Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend.
Breakout :
Symmetric triangle pattern breakout with a Large bullish candle.
Volume :
Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA.
MACD :
MACD crossing above zero is considered bullish.
MACD histogram showing positive strength. Histogram bars are increasing.
RSI :
RSI is above 60. Its a good sign for a bullish trend with a good strength.
Here I have considered target from resistance line near 241.
Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
ABFRL | Trendline breakout - Looks good with risk rewardABFRL | Trendline breakout - Looks good with risk reward
CMP : 182
SL : 175
Target : 205, 220
Can see good move above 185
ADIYA BIRLA FASH- stocks has forming symmetrical triangle pattern.
-Stock break and sustain above 215 Next level to 240/260 levels .
-Support is near 190 level on chart.
Poised to riseIt is poised to rise with targets at least up to 210. If breaks is further can rise to 224.
SL below 179 CLBS
