ABFRL trade ideas
Is Aditya Birla Fashion and Retail in the consolidation region?The technical analysis of the chart patterns indicate that the stock is in the consolidation region swaying between upper band of 153 and lower band of 131 The CMP of 137 indicates a small uptrend to 153. The RSI indicates that it is fairly valued and The also with the future group being sold to reliance could add extra capital to ABFRL as well as provide a wider market by entering the retail units of Reliance and online AJIO.
Disclaimer: The ideas posted are the author's personal opinion by analyzing the chart patterns and information available in the public domain. Due diligence is required.
NSE:ABFRL
Aditya Birla Fashion And Retail Limited - SWING TRADEAditya Birla Fashion And Retail Limited
Buy around 120 - 130 levels and add more at 110 and 110 zones.
Target refer purple lines.
SL 80 on closing basis.
Breakout Happened here is 2nd chance to enter.breakout successful and i think today was pull back and 2moro might be green day.
WILL ENTER AFTER BREAK OUT!Planning to enter after breakout taking confirmation with lower time frame. " multiple time frame analysis "
Aditya Birla Fashion & Retail - Triangle bullish brekoutNote: This is for educational purpose only.
There seems to be a triangle bullish breakout with high volume. There is a breakout in RSI too.
#7 Aditya Birla Fashion Retail - Upper Breakout NSE:ABFRL
Upper Breakout
Reasons being:
1. Parallel channel Breakout in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume
4. Price Jumps twice above 100 shows presence of Heavy Buyers
5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with a positive future expectation.
Long ABFRL for a target of 140 and 175 in 2 to 3 months
SL around 95
AB FRL BUY near SUPPORT 130 SELL near TARGET 180+ RR 1:4+ABFRL SPOT CMP 139
TREND BUY IN DIPS (BOOK PROFITS. QUICKLY IF BOUGHT NEAR SUPPORT)
Weekly Support 130-110
If not broken We may see 180-210-220 soon
Stop LOSS: 110/120
Cup and Handle spotted :-) Pantaloons Fashion & Retail limited formed a cup and handle pattern indicates bullish trend. wait for the break-out with a high volume.
:- )
ABFRL Bottom and Reversal CandleToday ABFRL Chart printed a bullish Reversal candle after weeks of slow bleeding.
Price found a bottom at 97 and quickly got bought up above 110. Sign of buyers interested in the stock at this price.
Few days ago the stock saw massive buy volume when it jumped 10% to 125rs But it was quickly brought down buy sellers and then few days of bleeding continues.
Today's daily close was a classic bullish reversal candle. Buying is recommended if todays Open of 106 holds successfully.
Trade safe.
*Remember ABFRL is a fashion and apparel co. and Due to lockdown, malls and stores are closed.
*Enter this trade purely on technical basis.
ADITYA BIRLA FASHION SEEMS A SHORT TRADE ON WEEKLY & DAILY CHARTADITYA BIRLA FASHION SEEMS A SHORT TRADE ON WEEKLY & DAILY CHART, ITSS UNDER A CHANNEL SINCE LONG
look at the weekly chart! impressive na??i am holding for long term. will you too?? think think... :-)
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
trading around support!bought few @229. my stop loss is 225 on closing. will add more if closes above 248. then my target is 315 in short term. It will also look good for long term if 250 levels sustains for a month or so.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
