Formation of Cup and Handle Pattern in ABFRL, Target 300 Formation of Cup and Handle Pattern in ABFRL, Target 300 in near term
ABFRL trade ideas
Good swing candidateThe stock has given a triangle breakout and looks good above 224 for 244 and 277 positionally
ABFRL ABFRL (D):- 221.5 CMP, LOOKS GOOD FOR 280 :)
1) Rising Channel :)
2) Volume Spike + F&O Stock now (+ve sign)
ABFRL Symmetric Triangle BreakoutABFRL ready for a short term positional trade for target price 241.
Confirmations:
Morning star candlestick pattern :
Its a bullish trend reversal pattern having very good result when occurs in a down move or a down trend.
Breakout :
Symmetric triangle pattern breakout with a Large bullish candle.
Volume :
Volume at breakout candle is above the volume moving average of length 20. Its almost more than twice volume MA.
MACD :
MACD crossing above zero is considered bullish.
MACD histogram showing positive strength. Histogram bars are increasing.
RSI :
RSI is above 60. Its a good sign for a bullish trend with a good strength.
Here I have considered target from resistance line near 241.
Disclaimer : I am not sebi registered. This is for educational purpose. Take your decisions with your own analysis. I am not responsible for any profit or loss.
ABFRL | Trendline breakout - Looks good with risk rewardABFRL | Trendline breakout - Looks good with risk reward
CMP : 182
SL : 175
Target : 205, 220
Can see good move above 185
ADIYA BIRLA FASH- stocks has forming symmetrical triangle pattern.
-Stock break and sustain above 215 Next level to 240/260 levels .
-Support is near 190 level on chart.
Poised to riseIt is poised to rise with targets at least up to 210. If breaks is further can rise to 224.
SL below 179 CLBS
ABFRL looking strong for Swing TradeABFRL (Aditya Birla Fashion) broke out of trendline after healthy consolidation. Probably will continue series of HH and HL. Looking strong for short term swing trade. Target and Stop Marked on chart.
Aditya birla fashion in hourly parallel channelNSE:ABFRL
in a parallel channel on an up trendline. possibility of a upside breakout
ABFRL-Cup and Handle PatternABFRL in the process of completing Cup and Handle Pattern in weekly timeframe. Once broken out with volumes can move towards 275+ and onwards.
Ascending Triangle PatternThe stock is making an ascending triangle pattern and looks good above 195 for target of 207
ABFRL is making Cup with handleABFRL is making Cup with handle
All targets, Stop Loss is mentioned in the chart
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
Symmetrical triangle Since this symmetrical triangle is plotted on day time frame we can go long on ABFRL
Aditya Birla Fashion and Retails - Daily Analysis CMP 182 BUY Aditya Birla Fashion and Retails - Daily Analysis
CMP 182
BUY @ 172-176
Target 193- 203- 215- 222+
SL below 160
Aditya Birla fash looking strongAditya Birla fash given small range breakout & Price action looks bullish
Sustaining above 190 can take this stock further upside
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
FY21-22 Swing Trade Idea #25: Long on ABFRL This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
