ABCAPITAL Trading Above Fresh Weekly Demand ZoneABCAPITAL is currently trading at ₹183.01, above its demand zone between ₹178.4 and ₹174.55, established on 5th April 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price pulls back to this range. Investors may monitor for a potential entry opportunity near this support level.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
Aditya Birla Capital Ltd. Sponsored GDR
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ABCAPITAL: Potential Short Setup with Key LevelsStock Name: ABCAPITAL
Entry Point: Considering a short position if the price breaks below today's low, supported by strong open interest (OI).
Stop-Loss (SL): Placed above candle high to control risk effectively.
Target: Near the next key support level or adjusted based on real-time price movement.
Disclaimer:
This analysis is shared purely for educational purposes and is not a recommendation to trade. Please perform your own research and consult a financial advisor before making any investment decisions.
Aditya Birla Capital Limited, Strong technical support at ATHAditya Birla Capital Limited, the holding company for the financial services businesses of the Aditya Birla Group, is a universal financial solutions group catering to the diverse financial needs of its customers across their life stages.
ATH Sales and -profit. strong support at ATH level and fundamentally strong company.
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC)
Background:
Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes.
Technical Analysis: Rounding Bottom Pattern
The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline.
Key Characteristics of the Pattern:
* U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend.
* Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation.
* Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest.
Trading Strategy:
Buy Signal:
* A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern.
* Increased trading volume during the breakout would strengthen the bullish signal.
Stop-Loss:
* Place a stop-loss below the recent swing low or the neckline support level.
Take-Profit:
* Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern.
Important Considerations:
* Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade.
* Risk Management: Always use stop-loss orders to protect your capital.
* Market Sentiment: Consider the overall market sentiment and economic conditions.
* Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC)
Background:
Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes.
Technical Analysis: Rounding Bottom Pattern
The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline.
Key Characteristics of the Pattern:
* U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend.
* Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation.
* Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest.
Trading Strategy:
Buy Signal:
* A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern.
* Increased trading volume during the breakout would strengthen the bullish signal.
Stop-Loss:
* Place a stop-loss below the recent swing low or the neckline support level.
Take-Profit:
* Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern.
Important Considerations:
* Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade.
* Risk Management: Always use stop-loss orders to protect your capital.
* Market Sentiment: Consider the overall market sentiment and economic conditions.
* Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
ABCAPITALABCAPITAL - need to break range move upside
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
ABCAPITAL levels ABCAPITAL (A shares)
Support Levels:
Psychological Level: 1.50 (a significant round number)
Fibonacci Level: 1.555 (38.2% Fibonacci retracement of the 2022-2023 rally)
Trend Line: 1.530 (the lower end of the ascending trend channel)
Resistance Levels:
Psychological Level: 1.70 (another significant round number)
Fibonacci Level: 1.742 (61.8% Fibonacci retracement of the 2022-2023 rally)
Trend Line: 1.750 (the upper end of the ascending trend channel)
ABCAPITAL - Cup and Handle- Breakout- WklyABCAPITAL - Cup and Handle- Breakout - Wkly
Name - ABCAPITAL
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout
Volume - Very Good
Cmp - 226
Target - 354
SL - 196
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis.
Fundamental ratios:
Here are some key fundamental ratios and metrics for Aditya Birla Capital Ltd. (ABCAPITAL):
Key Financial Ratios:
Price to Earnings (P/E) Ratio: 16.80
Price to Book (P/B) Ratio: 2.24
Return on Equity (ROE): 13.87%
Debt to Equity Ratio: 8.17
Net Profit Margin: 9.43%
Operating Profit Margin: 28.73%
EBITDA Margin: 29.91%
Financial Highlights:
Market Capitalization: ₹57,539.7 crore
Revenue Growth (YoY): 30.54%
Net Profit: ₹3,424.19 crore
Earnings Per Share (EPS): ₹13.17
These metrics provide a snapshot of Aditya Birla Capital Ltd.'s financial health and performance.
AB CAPITAL, LONGAditya Birla Capital, AB Capital stock has seen huge correction (value erosion after IPO) from Yr 2017 upto Yr 2020, from the High of 255 to Low of 39 in the span of 3yrs. The stock rode the wave of bullish sentiments in the stock market after Covid19 and touched the high of 199 in July 2023. The stock is close to giving multi-year breakout (7yr) based on Cup-Handle pattern. The fall and rise is very close to rounding bottom pattern which gives the specified target. The lines are key support / resistance levels.
ABCAPITAL NEGATIVE RSI DIVERGENCE Aditya Birla Capital Ltd. is an interesting chart with bearish formations:
1. RSI on daily chart crossed below 40
2. RSI on weekly chart crossed below not only 60 but also below 100 SMA on RSI
3. Negative Divergence on RSI on weekly chart
4. Price formed Three Black Crows candle stick pattern on weekly chart
5. Price crossed below 50 Day Moving Average.
6. Double top like pattern under formation on weekly charts
NEXT Major Support at 213 and 200 levels i.e. 100 day and 200 day Moving Averages.
CAUTION : Fall in price is followed by lower volumes and may be because of profit booking before an event. so better look for sell near resistance i.e. 240-250 zone and as per one's own risk reward with strict stop losses.
Lets See how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look have some with my own Risk Reward matrix.
AB CapitalDate 10.07.2024
AB Capital
Time Frame : Day Chart
Remarks : Stock is in the channel where upper range, middle range & lower is defined to take trade based on exit or bounce from area based on price action.
Kindly see day end closing candle, price action for confirmation & nearest exponential moving average such as 5 ema or 9 ema etc
Regards,
Ankur
AB CAPITAL READY FOR LONG TERM SWING TRADERefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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