Overview:
In the weekly chart, ABCapital Ltd has displayed an impulsive wave, followed by a corrective wave pattern. Additionally, a bearish crossover of the signal line over the MACD line has been observed.
Analysis:
The stock exhibits a potential shift from bullish to corrective sentiment.
Bearish MACD crossover signals potential downside...
This stock formed a Head and shoulder in monthly chart and it also has flag pattern in monthly chart,now it has broken weekly flag pattern as well,so go for a buy in this stock it has a potential of 36% from CMP.
Expecting a breakout on the upper channel as it's been trying to break it from June and failed multiple times. This time it's supported with the good volume and market bullishness.
If the market trend gets changed it may fall like last times.
#adityabirla capital
Buy from cmp to 160.2
sl close below 160
easy tg - 164
tg2 - 167
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ab capital has hit support and you can tell its strong as its tested this before and now its bouncing back. it will make a small move on the upsite and then come back down for retest. Grab the small percentage while you can !
NSE:ABCAPITAL Time to SIP when the normal crowd is fearful.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
