ABFRL trade ideas
ADUTYA BIRLA FASHION , has broken trend accumulate for trgt 40%aditya birla fashion, has broken lower high and lower lows, pattern in daily time frame, first signs of trend reversal. accumulation started, from here on keep acccumulation at all dips, for a trgt of 40 %= 253.
will give opportunities in between to add more..
this will give better entry points also...near 165/172...
will take some time to convert, like a few months..be prepared..
Go Long on Aditya Birla Fashion and RetailMonitor Aditya Birla Fashion and Retail for a good move. Consolidation is happening at bottom of channel.
ABFRL - shortterm PickABFRL has taken a horizontal support and broken trendline.. hence can consider for shortterm pick
Long opportunity for medium term in ABFRLthe stock is moving in a channel since covid fall, it is at the lower trendline now and after the slanting trendline we can go long with a RR of 4
ABFRL forming a expanding channel BUY signalI WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 176
Target : 224
Stop loss : 161
ABFRL Analysis for short & long term ✔ Short+Long Term
buy ,if possible 158-168 range
trgt 180-200-230💰💰
sl 143‼️
study then invest🙏
pefectly respecting the channel👏
so we can expect 200++ in short term ✌️
this is just my view🙏
about Aditya Birla Fashion and Retail Ltd.
👇👇👇
Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.
ABFRL is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.
ABFRLBuy-175-178
170-172 Best Range If Available
Accumulate Abfrl.
Sl-Below 163 Closing BAsis.
Target-215-225
TimeFrame- Upto July
Shopping Will Resume Soon And The Buying Will Be Robust..
Will Not Get THis Price At That Time ..
#ABFRL
Only for learning PurposeCurrent support at 200 EMA on Daily and Weekly chart ,aslo o channel formation... Stoploss below 200EMA in weekly chart on CLOSING BASIS... Not a trade recommendation , only for learning Purpose..
Rising ChannelWe can see a rising channel having tested resistance and support several times with one whipsaw. Watchout for possible trade avenues
Buy ABFRL for long termAbfrl could be bought on 166-169 levels as it is at a strong support.
Disclaimer:- For educational purpose only.
Follow for more daily updates
Buy ABRFL TG: 215Breakout of short term downtrend, Along with support retest, Could be bought for good targets,Place SL at 185
Disclaimer :- For educational purpose only.
ABFRL D chartABFRL breakout retest and continuation on D time frame. Looks good for long entry with SL below previous swing. For short to term buyers.
ABFRL forming a expanding channel BUY signals at 160/157/153I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 160/157/153
Target : 204
Stop loss : 140
Aditya Birla Fashion and Retail Ltd has given breakout ABFRL has been trading in the range for the last one year. Now it has given a breakout and has retested the support. we could see a very good up movement in the stock.
Watchout for Resistance breakoutThe stock gave a trendline BO and looks good positionally above 197.1 for a target of 215
