ABFRL trade ideas
ABFRL looking strong for Swing TradeABFRL (Aditya Birla Fashion) broke out of trendline after healthy consolidation. Probably will continue series of HH and HL. Looking strong for short term swing trade. Target and Stop Marked on chart.
Aditya birla fashion in hourly parallel channelNSE:ABFRL
in a parallel channel on an up trendline. possibility of a upside breakout
ABFRL-Cup and Handle PatternABFRL in the process of completing Cup and Handle Pattern in weekly timeframe. Once broken out with volumes can move towards 275+ and onwards.
Ascending Triangle PatternThe stock is making an ascending triangle pattern and looks good above 195 for target of 207
ABFRL is making Cup with handleABFRL is making Cup with handle
All targets, Stop Loss is mentioned in the chart
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Symmetrical triangle Since this symmetrical triangle is plotted on day time frame we can go long on ABFRL
Aditya Birla Fashion and Retails - Daily Analysis CMP 182 BUY Aditya Birla Fashion and Retails - Daily Analysis
CMP 182
BUY @ 172-176
Target 193- 203- 215- 222+
SL below 160
Aditya Birla fash looking strongAditya Birla fash given small range breakout & Price action looks bullish
Sustaining above 190 can take this stock further upside
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
FY21-22 Swing Trade Idea #25: Long on ABFRL This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
ADUTYA BIRLA FASHION , has broken trend accumulate for trgt 40%aditya birla fashion, has broken lower high and lower lows, pattern in daily time frame, first signs of trend reversal. accumulation started, from here on keep acccumulation at all dips, for a trgt of 40 %= 253.
will give opportunities in between to add more..
this will give better entry points also...near 165/172...
will take some time to convert, like a few months..be prepared..
Go Long on Aditya Birla Fashion and RetailMonitor Aditya Birla Fashion and Retail for a good move. Consolidation is happening at bottom of channel.
ABFRL - shortterm PickABFRL has taken a horizontal support and broken trendline.. hence can consider for shortterm pick
Long opportunity for medium term in ABFRLthe stock is moving in a channel since covid fall, it is at the lower trendline now and after the slanting trendline we can go long with a RR of 4
ABFRL forming a expanding channel BUY signalI WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 176
Target : 224
Stop loss : 161
ABFRL Analysis for short & long term ✔ Short+Long Term
buy ,if possible 158-168 range
trgt 180-200-230💰💰
sl 143‼️
study then invest🙏
pefectly respecting the channel👏
so we can expect 200++ in short term ✌️
this is just my view🙏
about Aditya Birla Fashion and Retail Ltd.
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Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.
ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.
