ABFRL Swing trade idea#ABFRL : Swing buy between 220-221 for 237 as target with SL below 214. #Swing #Positional
ABFRL trade ideas
BUY abfrl 208 weekly trendline support at dragonfly on trendline wbuy with sl of 185 long targets awaited
Probable long opportunity Might give a good long opportunity + good R:R!!
Consolidating at present. Possibly can result in breakout!
ABFRL - At a make or break pointThe chart is of daily timeframe. We can observe that the stock has taken support from the support trendline for more than a year on multiple occassions (more than 5). Thus this support can be considered as a strong one. However a support zone or trendline which has been tested multiple times tends to break.
So what should a trader do here?
It is best to wait for the stock to reach the support trendline and observe the candle formation. If the stock respects the suppor trendline and forms a bullish hammer right at the support trendline, then one should go on the buy side with a stoploss just below the support trendline. If the stock breaks the trendline support, then one can short it with a SL above the trendline.
ABFRL Weekly ChartRespecting the trendline and making Higher highs. Ready for another up move with a bullish candle on charts.
ADITYA BIRLA FASH | 20% Potential. | SL - 5%ADITYA BIRLA FASH | 20% Potential. | SL - 5%
ABFRL is rising from the support channel. Comment in case you want me to study any stock.
ABFRL
Time:- 8 to 12 weeks
Target:- 255
Stoploss:- 195
By analysis of the chart of ABFRL, we can easily see that stock has already take support on the support line shown bull candles, RSI also at oversold position. So we can enter in this point.
ABFRL : Channel PatternNSE:ABFRL
Channel Pattern is one where prices move between two parallel lines. The upper line acts as Resistance to the price which doesn't allow the stock to move above it. The lower line acts as Support which doesn't allow the price to go below it.
His is how we can trade channel pattern go long at the lower line (BUY) and go short at higher channel line (SELL)
Simple yet powerful strategy.
AbfrlBuy-195-190
SL-180 Below Daily Closing Basis
Target-220-240-255
Time Frame - 2 Months
Big Players Are Accumulating The Stock Very Smartly At Every Support Of The Channel..
Do Not Miss Out..
Arvind Brands Fashion Retail Ltd (ABFRL) - Taking Support1. ABFRL is currently moving in the channel pattern under weekly time frame
2. It is evident from the chart that it has taken multiple support and rejected multiple times at the resistance line
3. Right now it has hit the support line and we can expect a positive move toward the resistance line.
4. Good opportunity for swing trade till the resistance line
Multi year breakout in Aditya Birla FashionFrom April'20, this stock has continuously shown us higher highs and now it stands at the breakout levels of 2016. It has great strengh and momentum to go over 100 points from here. This is at the good level after the breakout and retest is completed.
Buy at current level with stop loss below 210. If you can take a good risk and hold for few months, go with SL of 204.
Kindly note, this is only an analysis and not any recommendation. Please consult your financial advisor before investing.
abfrl in a buy zone here its a buy zone
you can keep this in trading list
any day it will give intraday iopportunity
ABFRL ascending triangleABFRL is at precovid resistance, it could be ascending triangle breakout after some consolidation. Target 350 and SL 190
ABFRL AT BO ZONE WITH NICE MOMENTUM AND VOLUME SUPPORTStock is near Breakout Zone with very nice Momentum and Huge Volume Support
SHORT TERM POSITIONAL TRADE (3-4months)
BUY ABOVE 225 TGT - 255, 280, 300+ WITH SL @ 190
ADITYA BIRLA FASHION TARGET HIT | TRADE SETUP FOR 28-07-2021NSE:ABFRL
Today, 27-07-2021, it has broken the orange trendline and hit two targets above it.
Trade setup for 28-07-2021
It may come to test the 220 level or even till the orange trendline.
1) If it takes support from 220 level then it will be a buy trade. Targets are mentioned on the chart.
2) If it goes till orange trendline and takes support from it then from that it will be the buy trade. Target will be 220, 223.50, 227.
It will be bullish after getting confirmation on the support either from 220 or from the orange trendline. Only took the trade after this confirmation.
Do comment if my ideas are helping you to understand trend, levels and price action.
Let me know if you have any doubt or suggestion.
All 3 targets achieved in Aditya Birla Fashion [ABFRL]NSE:ABFRL
Today it worked as planned.
All 3 targets achieved.
Now from tomorrow all the same levels will work as support and resistance. Keep the trade on either side if one of the level break out or breakdown and you can keep the next target of next level in either up or down direction in trade.
Hope you had good trading in ABFRL.
Do comment if you have any doubt or suggestion.
ABFRL good for positional and swingABFRL given BO from weekly TL. now consolidating below its strong resistance zone 225. closing avove 225 can give good upmove for the target of 275-280
ABFRL | ADITYA BIRLA FASHION | TARGET AND LEVELS STILL THE SAMENSE:ABFRL
Today, it still didn't manage to break the orange trenline.
Strategy and levels will still remains the same as per previous post.
