AB Capital Long (3 Mar)Short term
AB Capital Long (3 Mar)
RSI- 66
Buy at CMP- 154 or at 149
SL- 144
Target- 165, 174
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Charts and views are only for educational purpose.
US0070261070 trade ideas
Triangle Breakout in ABCAPITALFrom past 4 years stock was trading in a downtrend. But some significant changes would have taken place in the company in recent 2 years, leading to price recovery and triangle pattern formation with strong resistance faced around 130 to 140 levels.
Stock had given breakout from this level in the month of November with a good volume and started consolidating above this level. On 28th Feb we can observe breakout from this consolidation.
Price level of 130-140 should act as immediate support. Ideal Stop loss can be at 122 for Long term trades, for Swing trades SL can be placed around 130. All possible targets are marked on the chart.
Looking at the chart from the long-term perspective, there is a possibility of another rally of 70-80% in coming years. We may even witness formation of Rounding bottom / Cup and handle in few years if on going trend prevails.
This is just a view not a recommendation to trade. Do your own analysis before making any investment.
Share your opinion in the comment section.
NSE:ABCAPITAL
Aditya Birla- GHODA stock abhi zinda haHey everyone how r u all. sharing a good stock after a break. Here this stock is in 3rd wave Highly momentum wave. Major tgt is 161.50 But for safe side you can exit 40% quantity at 155.50. SL will be 148. Enjoy nd earn.,
ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ABCAPITALCMP: 146
- Retraced to the 38% Fibo level from the June 2022 Low and the same is the previous breakout zone
- Taking support near 100 EMA
AB Capital breakout and retest!!Stock has retested the breakout level and looking to start next leg of rally. It should break the trendline and sustain for upside.
ABCAPITAL 1DWe can enter at the bottom of the trend line with small stop loss or when the minor trend line break
#Abcapital cash : looks good above 152.10#Abcapital cash -Positional call
06 - Feb 2023
Looks good above 152.10
Stoploss 140
Target 168/178
Cmp 145.75
#Abcapital cash : Looks good above 152.10#Abcapital cash -Positional call
06 - Feb 2023
Looks good above 152.10
Stoploss 140
Target 168/178
Cmp 145.75
ABCAPITAL Bullish view Target 170ABCAPITAL Bullish view Target 170
Few day chance to rangebound after breakout range stock in bullish range
Falling Wedge Pattern : ABCAPITALThe falling wedge pattern is bullish in nature and appears after a bearish trend. The pattern indicates that the bulls have lost their momentum, and bears have taken over the price temporarily. As such, the price hits lower lows but at a corrective speed.
Pros
The advantages of the falling wedge pattern are:
It is a frequent occurrence in financial markets.
This pattern works as both a trend reversal and trend continuation pattern.
It is easy to find stop-loss and take-profit levels.
It offers a good risk-to-reward ratio.
Cons
The disadvantages of the falling-wedge pattern are:
While using this pattern to initiate a trade, additional confirmation is required when opening a trade.
In lower time frames, falling wedge patterns have lower accuracy.
New traders may face confusion in distinguishing between the falling wedge and other price patterns.
**Just For Education Purpose, Not a trading Idea**
Demand zone with H&SHi,
ABcapital 100,is on deamnd zone
may try with small 5rs SL going long
below 96-94, H&S pattern gets active and view changes to bearish
AB CapitalAB Capital had retraced 38.2% of curren move and this is lower degree of wave of higher degree therefore it must not go beyond this point. So, it can be longed for Immediate Tgt of 185 and 240 for Long term
Flag and pole in the makingabcapital can be bought once it breaks the pole line. can buy above 159 for 10% targets.
ABCAPITAL Elliott Wave StudyTF - Monthly -
Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top).
AB CAPITAL has made a monthly consolidation range of 139 - 95
As per the monthly chart, AB CAPITAL can take support from 78.05 .
Three reasons to consider this level:
1. AB CAPITAL has given five touches to this level.
2. AB CAPITAL had taken support and broken up the trendline.
3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone.
If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05.
TF: Daily -
AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed.
We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 .
As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree.
Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march.
I will update more information soon.
Thank you!
@Money_Dictators
AB Capital H&S Pattern on weekly ChartAB Capital On Inverse H&S Pattern On Weekly Chart & Ready To Break Out At 52 week high Level OF 139.70 Level , Pls Add To Watch List & Wait Above
ABCapitalABCapital @ 130 close to break out zone with strong volumes.
Next targets will be 160+ 180+ 210 +
Adity birla Capital Ltd - Bullish The stock is exhibiting following
1) Increment in vol on daily chart
2) supertrend is signalling buy
3) Stock has broken the consolidation zone of 85 to 138
4) Stock is trading higher then 50 DMA
Resistances and targets are marked on the chart. this analysis is for academic purpose
Aditya Birla Capital BullishAditya Birla capital seems short covering breakout in weekly
concentrate if price sustain above 152 in daily
ABCAPITAL broadening wedge pattern NSE:ABCAPITAL BSE:ABCAPITAL
Time Frame – Weekly
Observations :-
* Descending right angel broadening wedge pattern breakout with good volume on weekly chart above 140
* Trading in parallel channel
* Monthly breakout on chart
* Gap resistance near 237-225
Resistance – 175 / 210 / 237 / 255
Support – 140-133 zone & 105-115 zone & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Low risk entry for Aditya Birla CapitalEntry - 126.15
Entry reason - Taking support near trend line
SL - Close below previous low of 125
Target - first target -> 129, then can trail
