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ADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RT

ADITYA BIRLA FASHION & RT

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ABFRL trade ideas

ABFRL consolidation breakdown to keep on radarAditya Birla Fashion and Retail Ltd. another consolidation breakdown to keep on radar 1. Price made false / failed breakout of the consolidation zone earlier 2. Price now made a consolidation breakdown on weekly chart 3. RSI on daily chart below 40 4. Double top visible on charts 5. Cypher Pattern under formation on weekly chart Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:ABFRLShort
by rajivrajeev
Aditya Birla Fashion & Retail (NSE: ABFRL) – Price Volume ContraThe stock has been in a range-bound consolidation between ₹330 and ₹355 for over three months and is showing signs of a potential breakout: Price Volume Contraction: The price has been tightly consolidated with lower volume, indicating a reduction in volatility. A breakout with increased volume could signify a strong move. Moving Averages: The stock is well-supported by the 50-day and 100-day moving averages, which are trending upwards, adding bullish momentum to the setup. RSI (14): The RSI is currently around 65, signaling strength and further potential for an upward breakout without being in overbought territory. Resistance: The stock has recently tested the resistance at ₹354 multiple times, and a close above this level could lead to a breakout with significant upward momentum.
NSE:ABFRLLong
by Technical_Satish
Aditya Birla Fashion & Retail Ltd (ABFRL). STOCK ANALYSIS Aditya Birla Fashion & Retail Ltd (ABFRL). Below is an analysis of the chart: Key Observations: Price Movement: The stock experienced a correction of 39.75 INR (11.46%), followed by a recovery of 36.90 INR (10.63%). The current price of the stock is around 343.30 INR. Recent Recovery: After the 11.46% decline, the stock has bounced back, gaining 10.63%, indicating renewed buying interest. This suggests a recovery after a dip. Support and Resistance: The support level appears to be around the 300-320 INR range, where the price found support during the decline. The resistance level is around the 360-370 INR range, where the previous rally saw some selling pressure. Volume and CVD: The CVD (Cumulative Volume Delta) indicates negative numbers, suggesting selling pressure in recent sessions. This may signal that the stock needs more volume or buying power to break above current resistance. Outlook: If the stock breaks the 360 INR resistance, it could see more upside momentum, but if it faces selling pressure, it may revisit the support zone. Conclusion: The stock is in a recovery phase after an earlier decline, but there is resistance ahead. Breaking the resistance around 360-370 INR could lead to further gains. Monitor Volume: To confirm bullish strength, an increase in buying volume would be crucial.
NSE:ABFRLLong
by shivtoshiva2022
Breaking Out Parallel Channel NSE:ABFRL is Likely Breaking out of a Parallel Channel on Dialy Time Frame, 295 - 307 Have Been Seen as the Lower Edge and a Good Accumulation Zone Since Election Day Results, A close above 360 Will give good Upside. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:ABFRLLong
by Karanshah137
Medium term trading opportunity in ABFRL for > 25% upsideHi, NSE:ABFRL has given a Bullish Flag Breakout on Weekly charts with very good volume. MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose. Don't Forget to Follow me to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:ABFRLLong
by raigvivek
ABFRL - Understanding MACD for buying and sellingMoving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA Components of MACD: - MACD Line - the fastest moving average (short-term EMA) : Blue line - Signal Line - the slowest moving average (long-term EMA) : Orange line - MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished. - Dashed line is Zero line From the above chart we can see: 1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish 2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum 3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum Price on 22-04-2024 : 231 Price on 20-06-2024 : 333 It gave 44% returns in less than 2 month Please do hit like if you learnt from this post.
NSE:ABFRLLong
by PowerOfTA