ABFRL trade ideas
ABFRL forming a expanding channel BUY signals at 127I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a kind of expanding pattern .
It has been taking the support of the lower trend line .
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 127
Target : 158/161
Stop loss : 119
ABFRL1. Aditya Birla Fashion in weekly chart his break-out tringle pattern.
2. Weekly RSI closing above 55.
3. Weekly RSI greater then Monthly RSI .
STOP LOSS for this trade
1. if goes down by 8% from over buying level then we exit from the trade.
2. if Weekly RSI close below 45 then also we close this position.