Hey folks!
All the important levels have been marked on the chart along with the description.
In this post i have shared buying strategy for this stock.
Risk : Reward ratio = 1:2 from the buying area to target.
This strategy works better in an overall up trending stock.
Five reasons for picking this stock:
1.Probably converting in an up Trending Stock...
I've applied the Fibonacci retracement tool to ABFRL stock's recent uptrend to identify potential support and resistance levels.
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
It broke the channel along with 200 exponential moving average.
Let is resume the channel or 200 ema for longs therefore will have better stop loss or exit strategy.
Vice versa for shorts.
09/03/2024
NSE:ABFRL
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Looks Good
Bottom Pick, Retesting Bottom Channel
Buy Above 230
Targets - T1 to T9
Try to enter once it crosses 20, 50 & 200 SMA's
ABFRL price is rested at good support zone and reversing with good green candles and good green volumes.
MACD also showing good reversal.
good for swing entry
Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide...
📊 Script: ABFRL
📊 Sector: Retail
📊 Industry: Textiles - Products
Key highlights: 💡⚡
📈 Script has taken support near 224 level. We may see trend reversal from here.
📈 Upside we can see 245 , 250 level with support of 224 level.
⏱️ C.M.P 📑💰- 228
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am...
Attempting important resistance breakout, formed a ascending triangle pattern.
Good volume spikes observed.
RSI slowly trending upward.
Candle close above 250 is required to confirm breakout.
Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to...
Good breakout with retest done. Usually I trade only with Support or resistance breakout but will observe how this pattern unfolds. Concerns are market is quite agitated as of now. Nonetheless am ready to book the stoploss or book our targest by price of 300.
Disclaimer: Not an investment advice. Only for educational and notetaking diary.
Aditya birla fashion weekly chart shows the breakout of the parallel channel.
CMP: 261
Retest may occur. If 1st retest fails then 2nd retest which would be 1st support is under parallel channel near 220 level.
Targets: 310/332
Rist reward: 1:1.5
Disclaimer: This is just for education purposes only. please research by yourself or take your financial...
ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock...
