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..
ABFRL trade ideas
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.
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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
Short Term BUY ABFRL Ltd.Buy on bounce from given support levels.
Target 180/200/275
SL 140
Stock collapsed form potential break out of 200 level on news.
might test 200 level once again.
If break be ready for Big upside.
abfrl longIn Daily chart, price is at the base of bullish/upward chhannel & also at a crucial horizontal support.
ADITYA BIRLA NEWS EFFECTThis for educational purpose only
Investment turned to big lose in my last one week trade
Pls decided wisely before going with this script
ABFRL MUST BUYBest time to buy ABFRL. Company is expanding its business through M&A. And this simple chart shows good chances for gains in future. Buy this stock, and add more on dips.
