ABCAPITAL trade ideas
150+ TARGETS ABC TO FIRE ALL IT'S CYLINDERS IN THE COMING WEEKS--> Market Analysis : Nifty50 Is In Uptrend
--> Sector Analysis : Financials And Banks Are Ready For Breakout
--> Stock Analysis : Done On The Chart
Buy On Breakout Of The Channel Pattern ( Very High Probability )
Target 1: 130
Target 2: 140
Target 3: 150++
S.l : Below The Breakout Candle
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AB CAPITAL: BEST SWING TRADING STOCK TO KEEP AN EYE ONAB Capital (D): The stock witnessed buying interest due to impressive Q1 results of posting highest ever net profit, also the IPO of Aditya Birla AMC is getting closer.. Furthermore, bulk of the volume was witnessed post the afternoon session. The stock is on the verge of witnessing a stage-2 consolidation breakout. Keep a close eye on this stock. Targets can be of 140 levels and beyond.
ADITYA BIRLA CAPITAL SHOWING BULLISH SIGNSA sustain over support turned resistance along with MACD crossover and sustaining over moving averages.
This might be risky but a successful breakout would help company achieve new highs .
Only for educational purposes.
JUST DO YOUR OWN RESEARCH.
# BE INDEPENDENT
Breakout and retest - Great risk rewardWeekly chart is viewed for positional view. And my positional view on ABCAPITAL is quite positive. This has the potential to double from here.
Retest is completed and best entry would be after the trendline breakout which should happen in 2-3 days.
Please note that this is only my view for educational purpose. If you want to trade, please do it at your own risk
ABCAPITAL – mid-term pick► Aditya Birla Capital had seen a weekly breakout in mid-February
► After breakout, stock is consolidating, forming a triangular pattern
► Entry can be taken on break of triangular pattern or pullback to the triangle
► Based on news of SEBI clearing draft red herring prospectus for Aditya Birla Sun Life AMC, there might be a gap up opening on Monday breaking out the triangle pattern
Usually prices move before news comes to retail participants, however looks like this is not the case with ABCAPITAL
► Aggressive position not suggested, ideal size would be 1% of portfolio size
► Stop-loss is essential for every trade
► Our stop-loss is 110 on daily closing basis
Disclaimer - holding positions since February breakout
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.