Medium term trading opportunity in ABFRL for > 25% upsideHi,
NSE:ABFRL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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ABFRL trade ideas
ABFRL - Understanding MACD for buying and sellingMoving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA
Components of MACD:
- MACD Line - the fastest moving average (short-term EMA) : Blue line
- Signal Line - the slowest moving average (long-term EMA) : Orange line
- MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished.
- Dashed line is Zero line
From the above chart we can see:
1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish
2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum
3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum
Price on 22-04-2024 : 231
Price on 20-06-2024 : 333
It gave 44% returns in less than 2 month
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Aditya Birla Fashion Date 02.09.2024
Aditya Birla Fashion
Timeframe : Day chart
Remarks :
At base of right angle ascending broadening wedge with confluence of 60 ema.
If break down or closes below base then weak.
If takes support & close above base then keep base or previous day's low as stoploss.
Regards,
Ankur
ABFRL Weekly Bearishthis stock is giving an indication of trend reversal as per candle stick pattern as we observe a doji on a top and next candle closing below doji with follow up candle can give powers to bears, even its in Supply are and long term trendline Resistance visible. just a view not a reco...
ABFR Ltd: Recent Performance and Market InsightsAditya Birla Fashions and Retail Ltd (ABFRL) has shown a significant uptrend, with a 14% gain following its recent quarterly results. This surge is notable as the stock has taken support from the middle Bollinger Band and is now approaching its overbought zone, breaking above the upper Bollinger Band.
Current Support Levels:
Primary Support: 240
Secondary Support: 230
In the coming weeks, we might observe a slight correction as the stock adjusts from its overbought condition. This period could provide a crucial opportunity for traders to reassess their positions.
Key Insights:
The stock's strong quarterly results have driven its recent uptrend.
Technical indicators suggest it is approaching an overbought zone, signaling potential short-term volatility.
Monitoring the support levels at 240 and 230 will be essential for making informed trading decisions.
As always, thorough research and a cautious approach are imperative when navigating the stock market. Ensure your trading decisions are well-informed and aligned with your financial strategy.
Disclaimer:
This post is for informational purposes only and does not constitute financial advice. Investing in the stock market involves risk, and it's important to conduct your own research or consult with a financial advisor before making investment decisions.
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ABFRL - Ichimoku Breakout📈 Stock Name - Aditya Birla Fashion And Retail Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 305.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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ABFRL - Ichimoku Breakout📈 Stock Name - Aditya Birla Fashion And Retail Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 301.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku #midcap #smallcap #ABFRL
ABFRL 1HRINTRADAY
- EARN WITH ME DAILY 10K-20K -
ABFRL Looking good for Downside..
When it break level 282.50 and sustain.. it will go Downside...
SELL @282.50
Target
1st 278.75
2ND 275.65
ABFRL MAY FUT – LOT 5 (Qty-13000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..