ABFRL trade ideas
Aditya Birla Fashion - Quick 5% opportunityAditya Birla fashion is forming a descending triangle
A consolidation after a decent upmove can be seen
Levels are mentioned in the chart
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Regards,
Segan
ABFRLPRICE AT RESISTANCE LEVEL AND IT IS IPO PRICE LEVEL..IF IT BREAKS AND SUSTAINS THEN IT MAY TRY TO BREAK NEXT LEVEL..IF THERE IT SUSTAINS..THEN PRICE WILL ENTER INTO SKY ZONE...FOE LEARNERS GOOD STUFF TO OBSERVE
ABFRL LONGLOOKING BULLISH , VOLUMES ALSO GENERATED , I ALEARDY BOUGHT BOUGHT SOME SHARES LETS SEE WHAT HAPPENS MONDAY
ABFRL LONGGO LONG ONCE THE INSIDE TRENDLINE IS BROKEN WITH A SL OF 1.80 , GREAT RISK TO REWARD RATIO 1:3
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of trendline breakout. So traders keep on your radar to catch the momentum and enjoy the profit.
Aditya Birla Fashions: Bouncing from support.ABFRL (Aditya Birla Fashions) the brand Peter England, Pantaloons and recently added Ethnic wear brand Sabyasachi Couture by fashion designer Sabyasachi Mukherjee. It is at good support zone and is bound to go till 200. Current situation of lockdown/restrictions will affect its price. It is good buy on dips candidate till 165 with SL of 145.
(Disclaimer: Do your own Analysis!)
Aditya Birla Fashion Positional Again
ABFRL : cmp: 221.5
Trading near the resistance levels of 224.
If it surpass and sustains above the BO lvl a fresh buying move possible in the short term.
230/236/242
SL 207
Positional TGT 275
SL 195
Previously it moved from 176 to 220.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
abrfl breakout wait for breakout closing above 225 CMP 221 TGT 245/60/65 TIMEFRAME: WEEKLY
CONSULT YOUR FINANCIAL ADVISOR BEFORE BUYING
Aditya Birla Fashion Positional View !!ABFRL : cmp : 176.50
Its is in support /accumulation zone .
A bounce back could be possible from here or may be some minor dips.
Stock from current level might move towards 220
SL 157 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
ABFRL, 3 FACTOR CONFLUENCE SETUP. READY TO BLAST IN COMING DAYSABFRL looks good above 225 (immediate breakout for Intraday) & if closes above 227-230 then can be taken for positional as well.
Its a conflunce of 3 setups as explained on chart.
1. Cup with handle (blue colour)
2. Symmetrical Triangle (yellow colour)
3. Weekly/Monthly resistance line breakout at 225
Keep it on radar and work with risk management.
Thanks
Piyush Gupta
Learn & Earn
ABFRL on the verge of a breakoutAs the lockdown is easing, fashion is likely to make a comeback. Moreover, the share has been upgraded to F&O in the NSE.
If it crosses resistance @226, on high volumes, it may give a breakout. Target is 280, weak below 208.
Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
Clear breakout in Aditya Birla FashionIn the daily chart, rounding bottom with a breakout at 223 levels has been formed with huge vol.
1st target will be 246-250 based on the weekly chart. And put SL on the current daily candle bottom.
