ABCAPITAL trade ideas
YR 2022 Idea #113: Long on ABCAPITALThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
AB CAPITAL BULLISH Aditya Birla capital looks very strong on weekly chart, gives breakout on falling resistance trendline and closed above strongly, relative strength indicator gives early signs of coming bullishness in this stock. Fundamental strong counter.
Cause of long-:
1-Falling resistance trendline breakout.
2- Relative strength indicator starts a positive divergence with breaking previous resistance on it.
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels.
Few points :
2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout
2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside
2022-07-26: ADX is >25 and DI+ is > 33
2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames.
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Intraday Trade: watch for resistance breakoutbuy above 105 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Historical resistance area breakout?Entry on a weekly close above 115 and RSI above 50
Historically 115 acted as resistance. In the recent past when it got broken, it acted as support too.
As of now a zone between 113 -118 is acting as resistance from downwards and as support from upwards.
This time the upper end might as resistance. So be cautious for short term. If found entry, raise the stop loss below 113 for short term.
This stock looks good for long term investment too. For short term target is 135.
Stop loss/target levels for long term are marked on chart.
Note : I'm not a SEBI registered analyst. The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
ABCAPITAL - BULLISHDate - 25/04/2022
ABCAPITAL
It is taking support at 100 EMA , now it has formed kind of MORNING STAR candle. Thus, there is probability of moving upward.
CMP - 115.75
TGT - 119.50,127.50,136.50
SL - 107.50
Disclaimer : - This video is for EDUCATION PURPOSE only. If anybody is taking position based on this video he/she will be self responsible for their Profit or losses. I am not a SEBI registered analyst or advisor.
Breakout of weak Trend line.The stock has given breakout of the trend line .
Took support of 200 sma .
Hidden Bullish divergence .
Also the stock is in Darvas Box.
If it gives Day closing above the line, might be an opportunity for long till breakout of Darvas Box.
Please note: I am a student myself. this is not a call/tip for trading purpose.
Please correct me if I am missing on some hidden fake outs. Thank you.
AB Capital - Rebirth of the NBFCsAfter the fall of NBFC's and the overall crisis..the cycle could be turning for the good for them again. A few of the companeis that have given results thus far are reporting higher NIM's and lower NPA's which bodes well for the companies.
The stock could also have a nice breakout soon. There is also a convergence of the moving averages which often leads to big moves.
Long 50% Quantity at current price and 50% above 135. Stoploss at 110 for the first buy and if the 2nd buy does happen the SL can be kept at 120.
#AdityaBirlaCapital #ABCapital at Harmonic Support NSE:ABCAPITAL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, This Pattern has Been Made on Bigger Time
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.