AB Money Rounding Bottom PatternRounding Bottom Pattern near completion
Consistent Large Volumes show accumulation
BO Neckline - 52
Weekly Closing > 52 will confirm BO
Next Target is 71
Strong Support - 40 to 42
Stop Loss - 39
On Monthly Candle Stick chart too
Rounding Bottom Pattern is formed with neckline at 46
A monthly Closing > 46 will confirm BO
Next target on Monthly too is 72
Study Notes
AB Money Weekly Resistance as per Line Chart
51-72-81-98
AB Money Monthly Resistance as per Line Chart
55-71-87-120
Aditya Birla Money Limited
No trades
What traders are saying
Birla Money 14/01/21 Thursday The price was moving in a Descending channel which breached DOWN 50 EMA and TESTED support at 100 EMA (like always) and re-breached UPWARD 50 EMA and took support on it . There's High Probability to achieve Target 1 . One cannot deny the possibility of achieving Target 2 (but with lesser probability). The price looks strong overall ,as on higher TF the trend is bullish. Please check the trend before initiating the trade by whichever signal you rely on. Trade Smartly and Wisely.
BirlaMoney: Overcame Supply zone ( W pattern trading)A parallel price action zone between 32 to 40.. Price rarely moved out of this zone & any move beyond the zone rejected sharply.
There are multiple attempts to cross the 40 but every time rejected violently.
Once price fell out of 32 support zone .. It corrected sharply following the bullish W pattern.
Now there is another attempt & price is above this zone.. Good volumes are appearing in the chart which indicates this time it could break the barrier,
Target would be 52 rs.
Trader's Queries - Birlamoney!Query : Can I invest in aditya birla money now?
Answer : I give my technical analysis, but not buy/sell suggestion. Price action has formed a rounding bottom and it has broken already. Targets for rounding bottom break out is over in another 12 - 18 points. For trading or investment right entry is important. I welcome suggestions
from investors.













