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Aditya Birla Capital Ltd.Aditya Birla Capital Ltd.Aditya Birla Capital Ltd.

Aditya Birla Capital Ltd.

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ABCAPITAL trade ideas

“Falling Channel” Breakout PatternABCAPITAL on the weekly chart has decisively broken out above the “Falling Channel” at 146 with strong bullish candle indicating a positive bias. Stock holds above 38% Fibonacci 3 March, 2023• Stock holds above 38% Fibonacci Retracement of a rally from 85-162 placed at 132 forming a medium term support zone. The breakout is accompanied with an increase in volume confirming participation at breakout level The weekly strength indicator RSI is in bullish mode and weekly RSI crossover above its reference line generated a buy signal.. The above analysis indicates an upside of 170-177 levels. Buy range 152-148 Stop loss: 140 Upside: 13% –18%
NSE:ABCAPITALLong
by tusharvispute1
Triangle Breakout in ABCAPITALFrom past 4 years stock was trading in a downtrend. But some significant changes would have taken place in the company in recent 2 years, leading to price recovery and triangle pattern formation with strong resistance faced around 130 to 140 levels. Stock had given breakout from this level in the month of November with a good volume and started consolidating above this level. On 28th Feb we can observe breakout from this consolidation. Price level of 130-140 should act as immediate support. Ideal Stop loss can be at 122 for Long term trades, for Swing trades SL can be placed around 130. All possible targets are marked on the chart. Looking at the chart from the long-term perspective, there is a possibility of another rally of 70-80% in coming years. We may even witness formation of Rounding bottom / Cup and handle in few years if on going trend prevails. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:ABCAPITAL
NSE:ABCAPITALLong
by KaravaliTradingZone_Official
11
ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ABCAPITALLong
by TradewithAditya
Falling Wedge Pattern : ABCAPITALThe falling wedge pattern is bullish in nature and appears after a bearish trend. The pattern indicates that the bulls have lost their momentum, and bears have taken over the price temporarily. As such, the price hits lower lows but at a corrective speed. Pros The advantages of the falling wedge pattern are: It is a frequent occurrence in financial markets. This pattern works as both a trend reversal and trend continuation pattern. It is easy to find stop-loss and take-profit levels. It offers a good risk-to-reward ratio. Cons The disadvantages of the falling-wedge pattern are: While using this pattern to initiate a trade, additional confirmation is required when opening a trade. In lower time frames, falling wedge patterns have lower accuracy. New traders may face confusion in distinguishing between the falling wedge and other price patterns. **Just For Education Purpose, Not a trading Idea**
NSE:ABCAPITALLong
by ScorpionNamo
ABCAPITAL Elliott Wave StudyTF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level: 1. AB CAPITAL has given five touches to this level. 2. AB CAPITAL had taken support and broken up the trendline. 3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone. If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05. TF: Daily - AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed. We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 . As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree. Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march. I will update more information soon. Thank you! @Money_Dictators
NSE:ABCAPITAL
by Money_Dictators
11