ABCAPITAL - Inverse Head and Shoulder ABCAPITAL - Inverse Head & Shoulder in weekly time frame and Descending Channel consolidation breakout in Daily time frame
ABCAPITAL trade ideas
Breakout in AB CapitalAt the end of this month, the target should achieve. Take trade on your risk.
This is for education purpose only.
stock trading at good support levelEntry: 100 levels
Target: 112 levels
Sl:90
Disclaimer: details are not a recommendation just for an educational purpose
BUY ABCAPITAL~given breakout and move 50% from there
~currently again consolidating and ready for the breakout
~posted good result in last quarter
Head and Shoulder Pattern on Daily Chart of Aditya Birla CapitalHead and Shoulder Pattern on Daily Chart of Aditya Birla Capital
Short Sell at
CMP 112
Target 95
SL 125
Time Line : 1 to 2 months
By Vijay Panchal
ABCAPITALmade a head and shoulder pattern and according to market conditions also we can expect a big down move.
Aditya Birla CapitalABCAP can give us a nice trade but risky as sgx nifty already 100+ points down stock can open gapdown,risky traders can shot if gapdown with last 15min candle high above as sl & if not gapdown can wait for reversal candle like doji or bullish engulfing,if formed can go with buy with reversal candle low below as sl for minimun 1:2+take profit,as my stratergy gives me 50+%of accuracy i follow strict 1:2 minimum take profit orelse it would be difficult to survive in market
Aditya Birla Capital Stock analysis Important levelsAfter making of H and S pattern a massive downfall is scene in the stock as can sustain below given levels it can show trend reversal .Currently stock is sustaining by support of 200 MA on daily chart.
AB CAPITAL Price taking support at the Golden ratio of the last retracement. Needs to break out of a long term resistance of 128. Week open will be key to the price action.
Will take an entry above 128 if it crosses decisively.
The wave counting on ABCCAPITAL for finding downtrade.I have applied elliott wave theory on ABCCAPITAL to study corrective mode. Specifically, the 12345 motive mode has been completely over and now rate is under the correction mode. I am looking for downward movement shortly.
Thanks
Jalpa
H&S pattern possibiltyKeep watch
This is just for educational purpose.
In future there is possibility this stock price goes down.
[ INTRADAY ] ABCAPITAL LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Short term PositionBuy this stock for short term. Buy after it crossing 126 then it will reach near high swing
AB Capital currently trading in channel if breaks this channel with volume than 139 in no time.
currently will face resistance around 131 should at this level.
please refer the chart .
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Ascending triangle patternAn ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
🎯 Bullish view on #ABCAPITALNSE:ABCAPITAL
🔴 Buy range between 114 - 116.... Buying at pull back would be a better option.
🔴 Stop loss - below 105
🔴 Target 1 - 125
🔴 Target 2 - 130
🔴 Target 3 - 140
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
[ INTRADAY ] ABCAPITAL SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
