ABCAPITAL -- POSITIONAL PIC 2022ABCAPITAL selected as positional pic cause of bullish technical indicators. stock has currently give breakout on upper channel as well as resistance breakout also clearly seen on daily chart. same momentum will follow next few session ..one can buy for cmp 130-132 for potential upside 10-20% in next 8-10 trading session.
BUY ABCAPITAL CMP@130
TARGET 140-145-150
STOP LOSS 115
Bullish technical indicators on daily chart.
* Moving avg crossover seen 20,50,200 SMA
* upper channel breakout
* MACD BULLISH above center and signal line
* PLEASE do your own anlysis and study ..hope this idea can help you for same..take call at own risk.
* WISH YOU HAPPY TRADING.!!
ABCAPITAL trade ideas
Technically strong - 2x return can givePros :
Technically good base created, and every raise volume also getting increased
Sales is improving on QoQ
Profit and ROE got improved
Debt is decreasing
Cons
Debt on Equity ratio is 3.8
Current Ratio below 1
Fundamentally neutral stock, but based on technical, it good candidate. Also in this sector many stocks are already outperforming
Note : Educational purpose not for buy/sell recommendations.
ABCAPITAL | 1D | LONG | FLAG PATTERNFlag Pattern ( Bullish )
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Target - 157.00
Entry - 117.25
SL - 97.50
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Note : This study for educational purpose only.
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swing , positionalIn monthly time frame stock is in uptrend ,HL structure is intact. Which means
stock is in correction of monthly Time frame
in weekly bullish flag is in formation.
So we will wait for structure change and clear breakout of flag pattern In weekly time frame.
IF BO OF LH SUSTAIN, ONE CAN LOOK FOR BUY ON RETRACEMENT. WITH SL OF LAST LL.
OR
U CAN CHECK FOR DAILY TF IF THERE IS A HL STRUCTURE BEFORE BO , CAN USE THAT HL FOR SL ON CLOSING BASIS