Aditya Birla Capital Ltd. Sponsored GDR
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ABCAPITAL - Ichimoku Bullish Breakout Stock Name - Aditya Birla Capital Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 140
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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AB CAPITAL - RETEST OF CUP & HANDLE @ NecklineDownward Wedge Formation & Volalitility contracting - stop loss can be placed @ 120 levels.
Breakout happened at high volumes and retest is happening at low volumes which gives us comfort in this trade.No major
selling happened in the GREEN candles.
On a hourly time frame price is still bearish, buy only above 127.
AB CAPITALChart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ABCAPITAL | Good for Long NSE:ABCAPITAL
Cmp : 128.45
Entry : Cmp or near 127
Stop Loss: According to one's Risk Reward ratio
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
Aditya Birla Capital - Cycle turnaroundTHe NBFC cycle has been among the worst hit overall since 2018/19. With all the talk about India's credit cycle also turning around NBFC's should move strongly too.
Watch for the entire sector to start showing strength again.
AB Capital is forming an inverted Head & shoulder pattern.
50% long above 123 and doubling up above 134. Stoploss below 119.
ABCAPITAL LONG SETUPABCAPITAL has been consolidating in same range from very long time and chart looks ready to blast upperside.
Resistance levels of trendline tested multiple times and if price breaks above 125 then a non stop rally till 160/180 will be observed. This analysis is for equity cash only.
YR 2022 Idea #113: Long on ABCAPITALThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
AB CAPITAL BULLISH Aditya Birla capital looks very strong on weekly chart, gives breakout on falling resistance trendline and closed above strongly, relative strength indicator gives early signs of coming bullishness in this stock. Fundamental strong counter.
Cause of long-:
1-Falling resistance trendline breakout.
2- Relative strength indicator starts a positive divergence with breaking previous resistance on it.
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels.
Few points :
2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout
2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside
2022-07-26: ADX is >25 and DI+ is > 33
2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames.
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