Reason for long
a) Consolidation breakout
b) Super vwap breakout
c) channel breakout possible
d) QQE long
e) Good engulfing set up
f) Fundas okay
g) SL compulsory
Attempting important resistance breakout, formed a ascending triangle pattern.
Good volume spikes observed.
RSI slowly trending upward.
Candle close above 250 is required to confirm breakout.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Good breakout with retest done. Usually I trade only with Support or resistance breakout but will observe how this pattern unfolds. Concerns are market is quite agitated as of now. Nonetheless am ready to book the stoploss or book our targest by price of 300.
Disclaimer: Not an investment advice. Only for educational and notetaking diary.
Aditya birla fashion weekly chart shows the breakout of the parallel channel.
CMP: 261
Retest may occur. If 1st retest fails then 2nd retest which would be 1st support is under parallel channel near 220 level.
Targets: 310/332
Rist reward: 1:1.5
Disclaimer: This is just for education purposes only. please research by yourself or take your financial...
ABFRL stock i'm studying. I found good setup in this stock. which has upside potential.If we saw some good volume with bullish engulfing candle at the demand lavel we can see upside move. This is just an analysis, not any buy or sell recommendation .
ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock...
This is the chart of Aditya Birla Fashion (ABFRL) which is forming higher highs pattern on daily timeframe. The stock has tested the trendline multiple times and now according to my analysis, I think it will break the trendline and continue moving upwards for targets of 260, 277, 305, 320 (ATH)
Stop loss - 235
NOTE:- You can enter now or wait for the breakout, as...
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
BUY - 228.8
SELL - 10%
this demand zone is fresh
and it is the area is with pending orders
because of imabalance area
and where buy orders exceeds sell orders. this is the exact reason why the price reversed and started moving up...
aditya birla fashion create a curve channel wait for breakout ''kuch sweet kahane ke liye''
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if the upcoming days breaks the high of 11 jan 2024 candle then we can expect some more upside direction move on this particular upside
Disclaimer:
The content provided in this video is for Educational purposes only and should not be considered as financial advice. I am not a registered financial advisor, and the information presented here is based on my...
