ABFRL LongABFRL Long
Almost 6 months consolidation is over. breakout done
Buy at CMP- 255 or around 236
SL- 221
Target- 278, 301, 323
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Charts and views are only for educational purpose.
ABFRL trade ideas
ABFRL - Breakout PossibilityABFRL : Looks good
Little Risky as results are around
Long above 282 with SL 275
ABFRL - Channel BreakoutThe stock has broken out of the pattern and is likely to reach its previous All Time High i.e. 280
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[ INTRADAY ] ABFRL SHORT BETrisk: Reward ratio is 1: 2
Rest as per Charts
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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.
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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.
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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
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[ 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
********
#ABFRL_FASHANISTATREND_LONG_WPossibility of CUP & HANDLE formation
BUY @CMP- 191
SL- 162
TARGET- 277
R:R=1:3
**Note: Only for study purpose. Trade on your own risk.
If you like idea share and follow.
ABFRL ABFRL has been trading inside the channel since May 2020. Now Price has reached the previous high of Frebruary 2020, which might act as a resistance, If the price breaks above Rs.280 there are chances that breakout may follow through.
ABFRLCMP: 218
The stock looks ready to break above ascending triangle.
Expectation: 240, 250
SL: Close below 200
POSITIONAL #KASH_STOCKAB FASHION:
The stock moving in ascending channel pattern and showing a breakout of the pattern. If it manages to sustain above 245 level then we can see good upside. Let's see the closing what we get.
Above 245 we can expect 257 274 levels.
Let seen how to moves
Target achieved in 2 days! 7.5% gain!!The stock was given at 256 and it hit the target of 275 today. HIT the like button if you liked my analysis and do FOLLOW. For reference, I am attaching the idea suggested.
Cup and Handle pattern breakout || Aditya Birla FashionThe stock has broken the pattern and can test its previous high now. Can be bought for a target of 275(7.5%). CMP-256 and SL will be 242 on a closing basis. Do FOLLOW for more ideas.
ABFRL-Stock near Triangle BreakoutThis stock is near its resistance and formed an ascending triangle pattern. IT CAN REACH UP TO 280++ once it breaks out from 235 level with volume, watch out for the mentioned level.
Note: This is just for educational purpose, not an buy/sell recommendation.
LOOKING HOT TO TOUCH UPPER CHANNEL !ABFRL targets to hit Rs 25,000 cr revenue after 5 years - Kumar Mangalam Birla #textiles
ABFRL showing its momentum on uptrend with 52 week breakoutAditya Birla fashion retail showing bullishness above 233.45 which has been acting as a resistance zone for past months and the resistance level has been breached with above-average volume and MACD with a positive crossover
The trade can be considered for the short to mid-term whereas the level 233 will act as a support stop loss can be considered below this level and the target can be considered for 280
ABFRL channel breakout
NSE:ABFRL
breaking out from long channel channel.
still awaits for best entry
if breaks 1st OCT high then it would be aggressive entry .
but suggest some pattern to form on hourly TF.
[ diwali is also on the door ;)]
keep on watchlist.
#the_pravin #simplepriceaction #notoindicator #nakedchart #swingtrading
Long term investment idea in ABFRLBreakout with conformation......
This is not a investment advise . Analysis by yourself.
ABFRL - Breakout from ChannelNSE:ABFRL
ABFRL - Given Breakout from Channel
Buy Around 240 Level for a Target for 260
Stoploss - 230
Disclaimer - Its not a Recommendation
