ABFRL trade ideas
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
#ABFRL Support & Resistance / 29 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
Trend Reversal - ABFRL📊 Script: ABFRL
📊 Sector: Retail
📊 Industry: Textiles - Products
Key highlights: 💡⚡
📈 Script has taken support near 224 level. We may see trend reversal from here.
📈 Upside we can see 245 , 250 level with support of 224 level.
⏱️ C.M.P 📑💰- 228
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Aditya Birla Fashion & Retail Ltd- Trading in a range patternCan buy around 225-230, keeping SL @216 on closing basis.
Target will be upper side of trend line.
*Note- For educational purposes,only.
Aditya Birla Fashion Hourly chart CMP 234 Target 240- 248- 2Aditya Birla Fashion Hourly chart
CMP 234
Target 240- 248- 253- 260+
SL below 228
ABFRL: swing long
Attempting important resistance breakout, formed a ascending triangle pattern.
Good volume spikes observed.
RSI slowly trending upward.
Candle close above 250 is required to confirm breakout.
Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
Aditya Birla Fashion BreakoutGood breakout with retest done. Usually I trade only with Support or resistance breakout but will observe how this pattern unfolds. Concerns are market is quite agitated as of now. Nonetheless am ready to book the stoploss or book our targest by price of 300.
Disclaimer: Not an investment advice. Only for educational and notetaking diary.
ABFRL HEAD AND SHOULDER BREAKOUTAfter near 50% fall ABFRL formed a head & shoulder pattern,so look for buy it has potential of min 20% from CMP.
#ABFL PARALLEL CHANNEL BREAKOUT- WEEKLY CHARTAditya birla fashion weekly chart shows the breakout of the parallel channel.
CMP: 261
Retest may occur. If 1st retest fails then 2nd retest which would be 1st support is under parallel channel near 220 level.
Targets: 310/332
Rist reward: 1:1.5
Disclaimer: This is just for education purposes only. please research by yourself or take your financial advisor advise before entering the trade.
ABFRL: Watch for the Breakout Above 240!ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock achieves a weekly close above 240.
Buy Consideration: Our focus for considering a buy position will be contingent upon the stock closing above the 240 threshold on a weekly timeframe.
Stay tuned for updates on this promising opportunity in ABFRL.
ABFRL Bull 🐂 target 270 sl 245 @LTP 255ABFRL Bull 🐂 target 270 sl 245 @LTP 255
Volumes increased , marriage season
Results awaited but before results 270 can be a easy achievable target.
Aditya Birla Fashion (ABFRL) This is the chart of Aditya Birla Fashion (ABFRL) which is forming higher highs pattern on daily timeframe. The stock has tested the trendline multiple times and now according to my analysis, I think it will break the trendline and continue moving upwards for targets of 260, 277, 305, 320 (ATH)
Stop loss - 235
NOTE:- You can enter now or wait for the breakout, as per your will
Only for Educational Purpose
Do your own research
For queries or doubts you can text me on platforms provided on my profile
ABFRL - Swing BUYThe following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
BUY - 228.8
SELL - 10%
ADITYA BIRLA FASHION - Swing Trade Analysis - 28th Jan #stocksADITYA BIRLA FASHION (1W TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike at Resistance - Done ✓
- Breakout - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ABFRL
abfrl long this demand zone is fresh
and it is the area is with pending orders
because of imabalance area
and where buy orders exceeds sell orders. this is the exact reason why the price reversed and started moving up...
ABFRL Wait for breakout!!aditya birla fashion create a curve channel wait for breakout ''kuch sweet kahane ke liye''
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