ADITYA BIRLA FASHPOSITION CALL
ADITYA BIRLA FASH
SELL 290
TARGET ,274,245,220
don't miss, holding period 1month
Head shoulder pattern
ABFRL trade ideas
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!
Thumb's up if you like the idea and do follow for more ideas!
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.
Simple yet powerful Trendline trading strategy !Above chart is of ABFRL on weekly chart.
This is a simple trendline trading strategy, where the stock keeps respecting its support trendline and bounce back to higher levels, making higher lows and higher highs.
Here, the stock gave multiple buying opportunities to the investors, while it kept respecting its support trendline.
Here goes the interpretation:
1) No. 1 and 2 are used to draw the trend-line.
2) No. 3, 4 and 5 are the buying opportunities, where the stock respected and bounced from its support trendline.
3) One who bought at no. 3 would sell the stock at its previous high. In this case, buying at close of 166.75 and selling at 194.80, which returns around 17%. Same process goes when bought at no. 4 and 5.
The total returns generated from Feb 21 to Sep 21 was a good 62%, with this simple yet powerful trendline trading strategy.
But, later the stock didn't touch the support trendline, and went on to make new ATH. If it did touch the trendline, then its investors would have made another 20% :)
When one finds such a beautiful chart which gives simple trendline trading strategy, should really never let go, and trade with the trend. Also, one should wait with patience for the prices to reach the support levels and also wait for the same to close above the support trendline to get the confirmation of the trend.
I would say, there is no much difference between a investor and a farmer. As farmer cultivates and waits for a set period (say few months to years) to get the crops, same way investor should wait for a period, say months to years to reep higher gains. Patience is the key to success.
Hope this chart was useful with points mentioned.
Happy investing !
#adityabirlafashion cup pattern and channel breakoutAditya Birla fashion and retail is breaking out from trendline channel and a cup pattern.
Great momentum and rising trend can be seen on short medium and long timeframes.
Volumes are also good above moving average and given that several resistances taken out earlier week goes back
To 5 years may be indicating this stock currently at all time high levels could give much more on the upside
Stop loss below breakout levels and entry in any daily retracement could still give reasonable risk reward
ABFRL SWING LONG1. A major trend line breakout happend 6 weeks back, after that continuously in a strong uptrend.
2. On 2nd November it breaks its all time high of 281.35 and closed at 288.10 with a strong bullish candle of 6.23%.
3. Today stock pickups the momentum after the successful retest over the level of 281.25
Details :
Buy range : 296-306
Stoploss : 275
Target : 396 ( fibonacci 1.618 level ), 30% .
Short term targets are 331 ( 8.5% ) and 358 (17%).
For mid to long term a good entry will be after a pullback , when it took a support over 20 EMA.
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
ABFRL ..MONTHLY CHART .dow theory bull trend read detailit looks that on monthly chart of abfrl,
it is following long term bull trend as per dow theory,
by making higher high higher low ,
(line chart are closing price basis chart).
now just read on web about DOW THEORY how to go with upmove new levels,
and as per that theory when downtrend going to start and shuld stop upmove observation.
as it stop making higher high and making lower high and breaking down lows.
decide on ur own.
as it is always probabilty, which may or may not happen always.
Buy at 282 SL 272 TGT 289 and 296Suggestions are based on my analysis only. Please do your analysis before taking any trade.
ABFRL Cmp 290 dated 4.11.2021ABFRL Cmp 290 dated 4.11.2021
1. CUP & Handle Pattern BO above 295.
2. Volume increase.
Buy for a tgt of 370 SL 260
It is just a view, pla trade at your own risk.
Trendline Support
9 TIMES respected the trendline
Wait for entry around 200-207 range, near trendline & 200ema support
AB Fashion Looking very strong CMP - 289AB Fashion Looking very strong for Investment purpose.... Stock should double from here...for more join our group technical analysis with rahul
ABFRL is breaking all time high ABFRL is breaking all time high on weekly time frame.
levels are mentioned in chart.
