ABFRL trade ideas
ABFRL Bottom and Reversal CandleToday ABFRL Chart printed a bullish Reversal candle after weeks of slow bleeding.
Price found a bottom at 97 and quickly got bought up above 110. Sign of buyers interested in the stock at this price.
Few days ago the stock saw massive buy volume when it jumped 10% to 125rs But it was quickly brought down buy sellers and then few days of bleeding continues.
Today's daily close was a classic bullish reversal candle. Buying is recommended if todays Open of 106 holds successfully.
Trade safe.
*Remember ABFRL is a fashion and apparel co. and Due to lockdown, malls and stores are closed.
*Enter this trade purely on technical basis.
ADITYA BIRLA FASHION SEEMS A SHORT TRADE ON WEEKLY & DAILY CHARTADITYA BIRLA FASHION SEEMS A SHORT TRADE ON WEEKLY & DAILY CHART, ITSS UNDER A CHANNEL SINCE LONG
look at the weekly chart! impressive na??i am holding for long term. will you too?? think think... :-)
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
trading around support!bought few @229. my stop loss is 225 on closing. will add more if closes above 248. then my target is 315 in short term. It will also look good for long term if 250 levels sustains for a month or so.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
ABFRL - PRICE TO NEW HEIGHTSCUP & HANDLE BREAK OUT AT 214 PRICE LEVEL.
APPEARS HEAD FORMATION IS HAPPENING WITH A PRICE TARGET OF 267.
FIBONACCI LEVELS SUPPORT THIS REASON.
INTERMEDIATE RESISTANCE WILL BE 236 LVLS.
STOP LOSS CAN BE AT 215.
Aditya Birla Fashion BullishWeekly Supertrend in the green = bullish
Daily William%R coming back from oversold range = bullish
Stock bouncing back from near 50% retracement level = bullish
Support taken just below the previous resistance level of 215 = bullish
Buy with a stop at 209 for the target of 240 and above
NSE: Aditya Birla Fashion Possible Breakout above 215
NSE: Aditya Birla Fashion Possible Breakout above 215
After consolidation from August 2018 to Jan 2019, showing signs for breakout
The brief range of consolidation from low of 160 to high of 215
Possible Long at current level with stop loss of 190 and target 228, 236 and 249.
Time frame looks 4 weeks
ABFRLA point where i can look for bear trap is 216-17 ! if a clear breakout then we are heading higher but less chance. the megaphone (small) could still insist of touching lower end of the channel after this good run. this is simple and clear !!
Aditya birla fashion and retail | 1W | intresting levelsthis stock is ranging since it is listed.
currently, it's at a level.
if it breaksout then can take a swing long position.
if not and showes 2 red candles on weekly charts then go short .
in both cases, i would take a swing trade.
