ADITYA BIRLA FASHION could begin the MOTIONVolatility Contraction is witnessed.
Textile sector is looking good too.
ABFRL trade ideas
#ABFRL STRONG BUYABFRL Scalling up. After making Higher High, after Forming a Base made a Trend Continuation Pattern.
Trend and Targets are Intact.
Maintain your proper Sl
ABFRL - Bullish Swing ReversalNSE: ABFRL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
ABFRL BULLISH HARMONIC CHART FOR MONTHLY VIEWCMP 214.40 BUYING ZONE 140-92 AREA TGTs 322/59 (Positional View)
ABFRL's Harmonic Patterns and Potential TargetsHarmonic Patterns: Cypher and Anti Butterfly
Upon examining the chart, we observe the presence of two harmonic patterns: Cypher and Anti Butterfly. Harmonic patterns are geometric formations that indicate potential trend reversals. Traders often employ these patterns to identify favorable entry and exit points in the market.
Support on RSI:
In addition to the harmonic patterns, we notice a good support level on the Relative Strength Index (RSI), as indicated in the attached chart. The RSI is a momentum oscillator that measures the strength and speed of price movements. A support level on the RSI suggests a potential buying opportunity.
Price Analysis and Targets:
At the time of analysis, ABFRL's current price is 196. Based on the identified harmonic patterns and support on the RSI, we can establish potential price targets. The first target is set at 211, indicating a potential upward movement, while the second target stands at 226. These targets serve as reference points for traders to gauge the potential profit levels.
ABFRL's Brands and Financial Performance:
Aditya Birla Fashion and Retail Limited (ABFRL) is a well-known player in the Indian fashion and retail industry. The company boasts a diverse portfolio of brands, including Allen Solly, Pantaloons, Van Heusen, Peter England, and many more. Each brand caters to a distinct segment of consumers, making ABFRL a significant player in the market.
Conclusion:
In conclusion, analyzing the weekly chart of ABFRL, we have identified the presence of harmonic patterns (Cypher and Anti Butterfly) and observed a support level on the RSI. These factors, along with the current price of 196, suggest potential price targets of 211 and 226. It is important for traders to exercise their due diligence, consider market conditions, and review the stock accordingly. Remember to set a stop loss at 178 to manage risk effectively.
Disclaimer: The analysis provided is based on historical price data and technical analysis. Trading and investing in the stock market involve risks, and it is essential to conduct thorough research and consult with a financial advisor before making any investment decisions. The author are not responsible for any financial losses incurred based on the information provided herein.
Aditya Birla Fashion and Retail Limitedweekly cpr narrow range.
ascending triangle and head and shoulder pattern are visible.
i expect the bull move.
wait for the breakout.
entry after the retest.
A sure buy for now. Might form cup and handleA sure buy for now. Might form cup and handle.
Good for swing and breakout traders.
low risk.
Stop loss and hedge must.
ABRFL Simple Analysis - BullishNSE:ABFRL was in a steep downtrend in the past.
It can be observed from the Candlestick Chart that this Down Trend line has already been engulfed and the price has retested it.
Currently, the Price has been able to break a Lower High and started creating Higher Highs and Higher Lows on the chart, which is a signal of the beginning of an Up-trend.
The price has already reacted from a Trap Zone, and hence, I am expecting that it can give us a quick 10% Return on Investment. So, the Target could be 236 to 240 for now.
ABFRL-Likely Tri Angle break outABFRL:After a brief consolidation within the boundaries nice upward move suggests likely Triangle break out towards 230-235,holding above 220 likely to trigger the breakout,watch out for the volume
(For Educational purpose on;y)
Inv head and shoulderEnd of correction is seen in ABFRL.
This reversal pattern is seen nr 200ma and has very high success rate at such support area.
ADITYA BIRLA FASHION ROUNDING BOTTOMROUNDING BOTTOM PATTERN IN DAILY TF
Aditya Birla Fashion
Looks Good For Short term perspective.
Breakout and Retest--Breakout stock with good volume
--Swing trading
--ADX indicating strong bull trend
--Target 280+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser
ABFRL BULLISH TRENDThe Stock in Breakout Range and Strong closed above MA 200
Expected Target 275
Educational Purpose Only
ABFRL TRENDLINE BREAKOUTConsolidation breakout with volume
Above EMA 40
RSI above 60 and rising
Favourable risk reward ratio
ABFRL 6-month Long BreakoutNSE:ABFRL - CMP 230 📊
⚡ Daily Timeframe
⚡ Breakout with Strong Candle @ 228
⚡ 6-month long breakout
⚡ Volume Spurt
⚡ RSI > 60
🎯 Resistance - 240/265
💪 Support - 220
ABFRLABFRL
Buy above 229
SL below 214
Targets: 238/252/271/295/320/356/398/463/504
Reversal entry on 200EMA BO
**Educational purpose only**
$NSE:ABFRL Looks BullishDear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:ABFRL you've been following. The stock has recently taken support at a key level, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:ABFRL
Support Level- 203-208
Entry Point- 210-215
Stop Loss Point- 180
Target Point- 240,260,280
Time Frame - 120 Days
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Thank you for entrusting us with your investments. We remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
ABFRL - Long setup* Ascending triangle pattern
* Once it breaks, we can expect 1st target of 200 ema & 2nd as mentioned in the chart.
* Risky players can go long now.
Ascending Triangle - ABFRLAscending Triangle pattern breakout seen in Aditya Birla Fashion and stock is about to close above 207 on closing basis. One can make long position till 226 target price with a stoploss of 203 with buying till 207
PS - THIS IS JUST FOR EDUCATIONAL PURPOSE AND TRADE ON YOUR OWN RISK AND ONWITH CONSULTING YOUR FINANCIAL ADVISOR
