ABCAPITAL trade ideas
#AdityaBirlaCapitalDisclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Aditya Birla Capital - Amazing Long term Breakout !!!- Long term Breakout Pattern
- Huge Volumes near breakout levels
- Breakout after a consolidation
- Descending triangle pattern Breakout taking support at RSI (60)
- Fundamentally strong stock
- 125 can be a good entry level with stoploss 110 and 1st target at 150
ABCAPITAL | Weekly Time Frame | Can go till ATHNSE:ABCAPITAL
1. Breakout from resistance zone
2. Higher Highs & higher lows
3. Spurt in volume.
4. Breakout can be seen on daily chart along with retest of supply zone is also done.
Can be accumulated in zone of 115-125. Targets are marked on chart.
This is only for educational purpose.
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ABCAPITAL is at crucial supportnote
1) The support is very crucial
2) Recently IPO news came which looks very positive for the stock
3) last week closing made a hamme pattern , and hammer pattern at crucial support is a very good sign
4) On daily chart it is showing a triangle pattern
My view is bullish