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ADITYA BIRLA FASHION AND RETAIADITYA BIRLA FASHION AND RETAIADITYA BIRLA FASHION AND RETAI

ADITYA BIRLA FASHION AND RETAI

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ABFRL trade ideas

ABFRL Bullish; above 241 on Wednesday 6 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:ABFRLLong
by JJ_Breakouts
ABFRL - Bullish Swing ReversalNSE: ABFRL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:ABFRLLong
by BrahmaBull31
2
ABFRL's Harmonic Patterns and Potential TargetsHarmonic Patterns: Cypher and Anti Butterfly Upon examining the chart, we observe the presence of two harmonic patterns: Cypher and Anti Butterfly. Harmonic patterns are geometric formations that indicate potential trend reversals. Traders often employ these patterns to identify favorable entry and exit points in the market. Support on RSI: In addition to the harmonic patterns, we notice a good support level on the Relative Strength Index (RSI), as indicated in the attached chart. The RSI is a momentum oscillator that measures the strength and speed of price movements. A support level on the RSI suggests a potential buying opportunity. Price Analysis and Targets: At the time of analysis, ABFRL's current price is 196. Based on the identified harmonic patterns and support on the RSI, we can establish potential price targets. The first target is set at 211, indicating a potential upward movement, while the second target stands at 226. These targets serve as reference points for traders to gauge the potential profit levels. ABFRL's Brands and Financial Performance: Aditya Birla Fashion and Retail Limited (ABFRL) is a well-known player in the Indian fashion and retail industry. The company boasts a diverse portfolio of brands, including Allen Solly, Pantaloons, Van Heusen, Peter England, and many more. Each brand caters to a distinct segment of consumers, making ABFRL a significant player in the market. Conclusion: In conclusion, analyzing the weekly chart of ABFRL, we have identified the presence of harmonic patterns (Cypher and Anti Butterfly) and observed a support level on the RSI. These factors, along with the current price of 196, suggest potential price targets of 211 and 226. It is important for traders to exercise their due diligence, consider market conditions, and review the stock accordingly. Remember to set a stop loss at 178 to manage risk effectively. Disclaimer: The analysis provided is based on historical price data and technical analysis. Trading and investing in the stock market involve risks, and it is essential to conduct thorough research and consult with a financial advisor before making any investment decisions. The author are not responsible for any financial losses incurred based on the information provided herein.
NSE:ABFRLLong
by yaashul
1
ABRFL Simple Analysis - BullishNSE:ABFRL was in a steep downtrend in the past. It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it. Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend. The price has already reacted from a Trap Zone, and hence, I am expecting that it can give us a quick 10% Return on Investment. So, the Target could be 236 to 240 for now.
NSE:ABFRLLong
by Prosenjit
2