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Aditya Birla Fashion and Retail LtdAditya Birla Fashion and Retail LtdAditya Birla Fashion and Retail Ltd

Aditya Birla Fashion and Retail Ltd

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ABFRL trade ideas

Aditya Birla fashion 2 possibilitiesHello traders, this stock has been in my watchlist for a long time now, but for me it's not tradeable right now until and unless it it triggers one of the 2 possible scenario above. Scenario 1 It completes the double top pattern: In this case it will go to the bottom of the long existing channel. Risk reward will be 1:4 200 MA cluster can also act support. Scenario 2 It takes support from bottom channel line: It falls down but without triggering our short. Risk reward will be 1:5 Takes support from the 200 MA or Takes support from bottom channel trendline Bounces up to the upper side of channel Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:ABFRL
by this_is_shoaib
Simple Trade Setup | ABFRL | 17-01-2022 [INTRADAY]NSE:ABFRL Observations: 1) On 1 day time, we can see now it is near major range of 305-310. Breakout of this range will lead it to good up move. If it faces resistance from it then we will see down fall. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 17-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:ABFRL
by Trading_hawk
ABFRLNSE:ABFRL Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult your advisers in case you choose to act on any such content available as WE claims no responsibilities for any of your actions or any outcome of such action
NSE:ABFRLShort
by topa00