Aditya Birla Capital Ltd. Sponsored GDR
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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**
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
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
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.
AB Capital Ltd.AB Capital Ltd.
ABOUT
Aditya 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.
KEY POINTS
Diversified Portfolio
The co. has a portfolio across Lending, Insurance, Asset management, and Other services which cater to a wide range of customer segments, needs, channels, and geographies. The main companies under its portfolio include Aditya Birla Finance, Aditya Birla Housing Finance, Aditya Birla Sun Life Insurance, Aditya Birla Sun Life AMC, Aditya Birla Health Insurance, etc.
Revenue Split
Life Insurance- 51% in FY21 vs 11% in FY18
NBFC- 27% in FY21 vs 72% in FY18
Housing Finance- 6% in FY21 vs 2% in FY18
Asset Management- 6% in FY21 vs 32% in FY18
General Insurance Broking- 3% in FY21 vs 3% in FY18
Stock and securities broking- 1% in FY21 vs 1% in FY18
Health Insurance- 6% in FY21 vs (13%) in FY18
Other Financial services- 1% in FY21 vs (6%) in FY18
Marketing Network
The subsidiaries of the co. have a nationwide reach with 950 branches and more than 2,00,000 agents/channel partners and several bank partners.
AUM
The co’s AAUM grew 7% Y-O-Y and it was ₹2,81,035 Cr in FY21. Its equity AAUM grew 11% Y-O-Y and it was ₹96,934 Cr in FY21
AUM across asset management, life insurance, and health insurance businesses grew by 10% Y-O-Y, to over Rs 3,35,000 Crore. The overall lending book (NBFC and Housing Finance) was ~ Rs. 60,000 Crore. The gross premium (across Life and Health Insurance) grew 25% year-on-year to Rs. 11,076 Crore, with the retail mix at 72%.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock may face resistance of 139/140 (Breakout 140+)
2. Aggressive long in FUT.
3. Delivery volume is quite high compared to previous sessions.
FUNDAMENTAL ANALYSIS.
Sector: Finance.
Industry: Finance & Investments.
1. Market Cap - ₹ 32,700 Cr.
2. Stock P/E - 17.0
3. Price to book value - 2.00
4. Debt to equity - 4.17
5. Free Cash Flow - ₹ -5,247 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #AUM #mutualfund
ABCAPITALABCAPITAL:- Stock is forming both double bottom and W pattern on weekly chart and is going to give breakout for 5 years keep watch.
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 ANALYSIS IN 4H TF28/11/2022
LONG SIDE TRADE
SWING(4H)
ABCAPITAL
CUP&HANDLE pattern brekout in 4h tf with high volume.
Risk adverser can wait for retest and risk taker can initiate the trade with buy above the high.
ENTRY-136.1
SL-128.25
TARGET-144
R:R-1:1
It is ICING ON THE CAKE if it comes to 133.5.






















