ABFRL trade ideas
Adity birla fashion on bull modeFocus on ABFRL - Travelling in ascending wedge, target 1 achieved today, having potential to reach 2nd target, if sustains above 260..
ADITYA BIRLA FASHION : BEARISHTake it as Double top or a Head and shoulder, the stock has broken the neckline and is re-testing the same near 256-260 zone. One should go short on the current levels and look for the target area of 200-197 in the coming weeks. Maintain SL of 280
Trendline Breakdown. Educational Purpose only.ABFRL made triple top pattern with negative divergence. It has broken it's trendline support and triple top base as well. Any bearish candle near it's retest level would be an perfect short entry.
abfrlabfrl given breakdown after long consolidation and now it is retesting the breakdown level. so short position can be created here.
ABFRL ready for bounce playBuy ABFRL FUT 234-240 for 248/255/260. Invalid below 228 on hourly close only. RSI below 30 showing oversold levels. ABFRL available near multiple trendline supports levels.
watch for support breakdown short below 244 in intraday
can trade for swing as well but need closing below 244 and stoploss 254 Daily Candle close.
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high
ABFRL Technical AnalysisHello Guys , Today I Have The Technical Chart of ABFTL it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 273 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 15 min
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- ABFRL ( Aditya Birla Fashion and Retail Limited )
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
Fashion is poised for some days.@Charan08
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Head and Shoulder PatternAditya Birla Fashion
Head And Shoulder Pattern
If neckline Broken will try to catch 178.
Triple Top Pattern (trend reversal) at ABFRLBe Cautious Triple Top Pattern (trend reversal) at #ABFRL weekly chart.
What Is a Triple Top?
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
Triple tops may occur on all time frames, but in order for the pattern to be considered a triple top, it must occur after an uptrend. However, the opposite of a triple is a triple bottom, which indicates the asset's price is no longer falling and could head higher.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown #tripletop
Wedge pattern breakdown in ABFRL.Today's trading session look at the wedge pattern breakdown in ABFRL. According to this char pattern expected target below 183. on daily time frame.
Wedge pattern breakout in ABFRL Today's session Wedge chart pattern create in ABFRL . this stock is down side and according to this chart pattern expected target is 183+ in daily timeframe.
Swing trade in ABFRLSwing trade opportunity in ABFRL It follow a trend line Every time it touch the trend line and move up
#ABFRL- Short term SwingABFRL has taken support at .618 retracement and bounce back from there. It can be a good swing term candidates for target of 300.
ABFRL Intraday/Swing Setup - 120 MinLooks Good Triangle Breakout above 297 SL 285. T1 312 T2 330. One can go long on Options Long@330CE Please keep SL market is volatile.
#AdityaBirlaFashion #ABFRL At harmonic Support NSE:ABFRL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered
BERGER PAINT LIKELY BREAKOUTBERGERPAINT LIKELY breakout can be seen but wait for given resistance break then proceed
ABFRLNear its peak pricing, location favorable for both side trades with small SL
No recommendation above view just for learning
ABFRLStock has been trading in a range of 250 to 317 since months. Its has already tested resistance 3 time. Now it may give a breakout from here. Buy above 317, TGT 380+, SL 290. For educational purpose only. Kindly contact your financial advisor before entering any trade.
ADITYA BIRLA FASHIONscript is near a good resistance.
ATH breakout might be possible.
keep on radar.
