ABFRL trade ideas
Consolidation in UptrendConsolidation in Uptrend, That also inclined trendline support.
Uptrend intact. Can touch ATH
ABFRL Beautiful BreakoutPrice action
Nice pattern, candle brake out with good volumes
cmp:286.35
Target: 6%+
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Watchout for trendline breakoutThe stock has given a trendline breakout and looks good above 288.25 level for further upmove.
Learn & Earn,
Dr. Tanya Kumar
Possibility of Breakout in Aditya Brila FashionsPossibility of Breakout in Aditya Brila Fashions Both in Daily and Weekly timeframe.
ABFRLNSE:ABFRL
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BUY: ABFRL under RADAR (caution:leave if it breaks support)ABFRL under triangular flag , try to buy this stock when it bounce back from support trend line showing in the chart with good volume . After having squeezing behaviour it is going to break from the above trend line for good targets. (New high)
Long SetupInverse Head and Shoulder pattern spotted on 1 hr time farme. Levels are on chart. Post is for analysis purpose only.
ADITYA BIRLA FASHPOSITION CALL
ADITYA BIRLA FASH
SELL 290
TARGET ,274,245,220
don't miss, holding period 1month
Head shoulder pattern
Go short in ABFRLConfluences=
38% Fibonacci retracement of impulse point
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21 EMA resistance
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Successful retest of support zone which is now resistance
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Negative RSI divergence
Long opportunity on breakoutABFRL which is continuously trading in a downtrend is reacting from a daily time frame demand zone and is a possibility of breakout which may push the stock upwards
ADITYA BIRLA FASHION RETAIL LTD.... ANTICIPATING A CORRECTION...Another Elliot wave demonstration.
The trending waves are done as per my prediction.
The correction waves are yet to begin.
We can expect up to 15% correction over the next few weeks.
The waves are shown in the chart. I had marked the targets too.
ABFRL intraday levelsDo initiate trade based on 5min candle close!
Levels mentioned on chart.
Trade at your own risk!
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Long in ABFRLThis scrip is making consistently making HH and HL, this shows that scrip is in uptrend so we must go for buying opportunities in this scrip. This scrip had bounced back from the 21EMA as well as previous ATH level and there's also a 50% Fib retracement at this level. So this scrip might be bullish in coming weeks because of multiple supports .
Swing traders may consider to long this scrip with a RRR of 1.5 and may book partial profits thereafter.
