NSE: 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...
Harmonic 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...
weekly cpr narrow range.
ascending triangle and head and shoulder pattern are visible.
i expect the bull move.
wait for the breakout.
entry after the retest.
NSE: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...
ABFRL has a perfect double bottom formation with neckline at 235, the counter has broken above 235 with above average volumes can be bought for a target of 260.
ABFRL:After a brief consolidation within the boundaries nice upward move suggests likely Triangle break out towards 230-235,holding above 220 likely to trigger the breakout,watch out for the volume
(For Educational purpose on;y)
Reason for long
a) QQE breakout
b) QQE long
c) Super trend support
d) HSP breakout
e) Weekly and monthly breakout
f) SL compulsory
Dont hold for long term
Fundas are not good and only for technical script for short term of 20% gain with 5% risk or less keep GTT order as SL.
--Breakout stock with good volume
--Swing trading
--ADX indicating strong bull trend
--Target 280+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon &...
