Aditya Birla Capital Ltd. Sponsored GDR
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Trade ideas
Aditya Birla Capital: Bump-and-Run Reversal TopsI have read about this pattern in the Big Book of Chart Patterns and have accidentally traded using it in the Asian Paints Scrip. This is a short trade. As I am still learning about the pattern the entry and exit need to be observed. I believe there should be a pullback after which we can make an entry.
ABCAPITAL Possible shortOn the 4H timeframe, I expect the price to break the 121.75 area, if it gets broken, then will enter on the pullback (around 126.20) and ride the wave till 102.50. Good risk to reward.
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Disclaimer:- Don't Listen to me, I'm not a financial advisor
AB Capital Long Term Trend Reversal with Accumulation & MomentumAB Capital : Rounding Bottom Pattern Breakout on weekly chart.
Breakout above neckline at 115 and Price moving above 50 SMA .
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in short to mid term.
CMP : 130
Short Term view (1-3 months)
Target : 148 & 165
Mid Term view (3-12 months)
Target : 191 as per Pattern
Almost 1:3 risk reward setup
If Price moves above 210-214 zone then
Long Term View (12-36 months):
Target : 261-286-320-388-496
SL : 110
Chart Only for Education Purpose
Diamond Bottom Pattern Breakout ! Strong Trend Reversal PatternAB Capital has broken out big time after being a rank underperformer for years, see a runaway rally! Buy with a stop loss below 112 targets 152/200. A breakout of the diamond bottom pattern is seen on the chart. This is a strong reversal pattern.
Break outAfter Breakout above 77 it went up to 97 and started consolidation. During panic selling on 21st and 22nd December retested its earlier breakout level and reversed sharply.
Bullish reversal hammer formation on daily chart on 22nd December. On weekly basis made hammer. Next week candle closed above previous week candle head. Looking this this move can go up to 115-116 in short term.
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.






















