Stock has had bounce in the month of August 18, however since then its struggling near that month's high i.e 200-215. Currently stock has formed Gartley Pattern .
Long if PDH 185.4 is broken with SL at 178.15 Short if PDL 178.15 is broken with SL at 185.4
I had discussed about this stock on a few occasions earlier. The expected breakout did not materialize until recently. The price action in the past few weeks / months has not invalidated the view shared in prior updates. Stock looks interesting and am keenly watching it for entry opportunities.
Detailed plotted & mentioned on Chart. Result is good both Topline & Bottom Line. Disclaimer: Take this information as study/education purpose only. If Useful Like & Share For taking trade decision Consult with your Financial Advisor.
ABFRL is giving a breakout about 148 T1 = 158 T2 = 168 T3 = 178 SL1 = 138 SL2 = 133
Buying ABFRL with SL of 135. Technically looking good with DOJI at the support.
Investing idea , consolidated for long time ( 2yrs ) in the range 145-180.. Looking good for investment. All dips can be added . All levels in chart
ABFRL is currently trading at 38.2% fib ret of last up move and bullish rsi divergence can be seen on hourly chart. Go long with strict SL of 175.
Notice the pull back to the prior selling / breakout zone, represented by the top two horizontal red lines. Price has come back to retest or check for sellers. Notice the dip in volume in the last couple of trading sessions which represents the probe or retest. If my assessment is right, price is likely to breakout soon. A move past 186 would be an interesting...
As highlighted in the chart, price has completed a Wyckoff Accumulation phase. Breakout from the range with higher volumes indicate the start of Mark-Up phase. Watch this stock.
This stock appears to be in a Wyckoff Accumulation zone. A swift breakout past the top of the range at 171 would be a big positive development. Am watching this stock with interest...
Stock near its TL resistance and having inv H&S pattern... If tomorrow crosses the Tl resistance with volumes , then aache din for the stock.