ABFRL trade ideas
ABFRL |Looks good for another swing. Potentially 20% opportunityABFRL (Aditya Birla Fashion and Retail Ltd) | Looks good for another swing. Potentially 20% opportunity
CMP : 134 (Consider buying upto 129)
Target : 159
SL : 125
Almost 1:3 risk reward setup
ADITYA BIRLA FASH - Symetrical TriangleTarget on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Bullish Wolfe WaveBullish Wolfe Wave.
Now in final Wave 4-5
Expecting the upside move to continue for more
ABFRL buying oppurtunities Target 155 Abfrl has a great potential to reach 155 levels , It can show a slight fall before reaching 155 levels ,
Or it can reach the targets 155-159 without any fall or correction .
Entry : 130 or 135 or 139
Target : 155 - 159
Stop loss : 126
ABFRL(Positinal Trade)-Wait for breakout of trend line .
-BUY at retracement.
-Avoid buying if candle breaking trendline has long wicks.
TRADE AT YOUR OWN RISK
ABFRL long positionWe can Take long position as per Fibonacci extension and we can project ABFRL can go up to 138/150/159 in 20 to 30 trading session.
Is Aditya Birla Fashion and Retail in the consolidation region?The technical analysis of the chart patterns indicate that the stock is in the consolidation region swaying between upper band of 153 and lower band of 131 The CMP of 137 indicates a small uptrend to 153. The RSI indicates that it is fairly valued and The also with the future group being sold to reliance could add extra capital to ABFRL as well as provide a wider market by entering the retail units of Reliance and online AJIO.
Disclaimer: The ideas posted are the author's personal opinion by analyzing the chart patterns and information available in the public domain. Due diligence is required.
NSE:ABFRL
Aditya Birla Fashion And Retail Limited - SWING TRADEAditya Birla Fashion And Retail Limited
Buy around 120 - 130 levels and add more at 110 and 110 zones.
Target refer purple lines.
SL 80 on closing basis.
Breakout Happened here is 2nd chance to enter.breakout successful and i think today was pull back and 2moro might be green day.
WILL ENTER AFTER BREAK OUT!Planning to enter after breakout taking confirmation with lower time frame. " multiple time frame analysis "
Aditya Birla Fashion & Retail - Triangle bullish brekoutNote: This is for educational purpose only.
There seems to be a triangle bullish breakout with high volume. There is a breakout in RSI too.
#7 Aditya Birla Fashion Retail - Upper Breakout NSE:ABFRL
Upper Breakout
Reasons being:
1. Parallel channel Breakout in Daily chart
2. Breakout in OBV
3. More than Daily Normal Volume
4. Price Jumps twice above 100 shows presence of Heavy Buyers
5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with a positive future expectation.
Long ABFRL for a target of 140 and 175 in 2 to 3 months
SL around 95
AB FRL BUY near SUPPORT 130 SELL near TARGET 180+ RR 1:4+ABFRL SPOT CMP 139
TREND BUY IN DIPS (BOOK PROFITS. QUICKLY IF BOUGHT NEAR SUPPORT)
Weekly Support 130-110
If not broken We may see 180-210-220 soon
Stop LOSS: 110/120
