ABFRL AdityaBirla FAshion ready to take off
ABFRL price closed decisively over 340 after making triple top over a period of almost 3 months.
Also news of new Jewellery business could be a plus.
immediate targets T1 = 350 T2 = 360
ABFRL trade ideas
ABFRL seems goodABFRL seems good. It has given a breakout with accumulative volume. It is coming out from range
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.
#StockMarket #Trading #Investment #ABFRL #MarketAnalysis #FinancialInsights #BollingerBands #TechnicalAnalysis #StockTrends #MarketCorrection #InvestmentStrategy #RiskManagement #WealthBuilding
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 Long Positional09/03/2024
NSE:ABFRL
------------------------------------------------
Looks Good
Bottom Pick, Retesting Bottom Channel
Buy Above 230
Targets - T1 to T9
Try to enter once it crosses 20, 50 & 200 SMA's
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
ABFRLAll detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 in first target. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SL Day candle close only, Target Trigger Price
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..
Long on ABFRLMay move 13% upside potential. Take your position as your risk reward ratio. This not for recommendation, just only for educational purposes only.
ABFRLABFRL is in a bullish Parallel Channel and at support of a bullish channel. Buy at 215-16 for a target of 231-245
[Swing Trade ] ABFRL 240BO done
Volume spike done
Retracement done
Not a buy reco.. keep a watch at 244, once it breaks there are chances to cross 260. Let's see :)
Long Term Important levels and StrategyHey folks!
All the important levels have been marked on the chart along with the description.
In this post i have shared buying strategy for this stock.
Risk : Reward ratio = 1:2 from the buying area to target.
This strategy works better in an overall up trending stock.
Five reasons for picking this stock:
1.Probably converting in an up Trending Stock .
2.Company has a wide variety of Brand and All auspicious events are in line.
3.Improving fundamentals.
4.With seasonal demands company coming up sales can grow.
5.Company covers it retails sales by both offline stores and online stores.
Use this strategy with your analysis to have an edge.
For any questions just drop a comment or message !
If you are viewing this idea on mobile or tablet, then to watch the chart levels then rotate your mobile to landscape mode.
ABFRL Outlook...I've applied the Fibonacci retracement tool to ABFRL stock's recent uptrend to identify potential support and resistance levels.
Analysis:
Starting Point: Mentioned on the chart
Ending Point: Mentioned on the chart
Disclaimer: This is for educational purposes only. Conduct your own research and consider your risk tolerance before trading.
Aditya Birla Fashion Further breakdown as mentioned previous idea over breaking down of channel alongside 200 ema
Aditya Birla Fashion (day chart)It broke the channel along with 200 exponential moving average.
Let is resume the channel or 200 ema for longs therefore will have better stop loss or exit strategy.
Vice versa for shorts.
ABFRL reversing from supportABFRL price is rested at good support zone and reversing with good green candles and good green volumes.
MACD also showing good reversal.
good for swing entry
