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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

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 !
NSE:ABFRLEducation
by AK1808
4
#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
NSE:ABFRLLong
by seekedgetrade
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!
NSE:ABFRLLong
by hjharsh
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.
NSE:ABFRL
by kumardkp123
[ INTRADAY ] ABFRL SHORT BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:ABFRLShort
by Palkesh_Agrawal
[ INTRADAY ] ABFRL SHORT BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:ABFRLShort
by Palkesh_Agrawal