ABFRL trade ideas
ABFRL longKeep an eye on ABFRL for long term. Close above 235 will be more positive. Stoploss below the trendline on WCB
Quick Trade possibility in ABFRL for 13 September 2021Trade possibility in ABFRL for 13 September 2021
inside bar on daily frame.
descending triangle.
ABFRLShort Term Pick:
1. Inverse H&S Pattern based on Line Chart.
2. Good Bounce from Trendline during recent time.
3. Flag & Pole Pattern.
4. Take Entry with Inside Bar Strategy.
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL
Observations:
1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support.
This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228.
Please refer below chart : Daily time frame.
2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side.
Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove.
Please refer below chart : 15 time frame.
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Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
ABFRL from 12-9-21The stock is showing good movement upside
best buy zone - -- 178-184
target 240-250-300
Simple Trade Setup | ABFRL | 03-09-2021[INTRADAY & POSITIONAL]NSE:ABFRL
Observations:
1) On Daily Time frame you can see that it gave rounding bottom pattern breakout on 02-09-2021.
Please refer below chart : Daily time frame.
2)Also, on Daily Time frame you can see that it has critical level of 220 which was working as resistance many times before. For new buy entry this 220 level needs to be breakout.
And from 21 DMA it took good support.
Please refer below chart : Daily time frame.
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For POSITIONAL trade one can take safe long position only on sustainable breakout of 220 level. SL will be 210 and Target will be 240 in short/mid term.
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Trade Setup for Date 03-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
ABFRL Swing trade idea#ABFRL : Swing buy between 220-221 for 237 as target with SL below 214. #Swing #Positional
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.
