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ADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RT

ADITYA BIRLA FASHION & RT

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ABFRL trade ideas

ABFRL LTD GOING TO BREAK 5 YEAR STRONG PRICE ACTION 225ABFRL ANALYSIS ABFRL LTD (CMP 211.60) can provide up to 100% return opportunity on investment. Key reason: Technical levels - Stock is currently traded at 211.60, from last three weeks stock showing bottoming out as per charts and on the way to break 5 year strong price action. Business overview: Financial Performance- Aditya Birla Fashion and Retail Limited reported the highest ever Q4 revenue for the Company, driven by strong retail L-to-L, omnichannel play, and network expansion. The Company delivered sales of Rs. 2,880 crores, which is a growth of 26% over the same quarter last year. The Company's consolidated PAT was negative Rs. 195 crores. Store Expansion- The Company added a record more than 500 stores and also added 1.6 million square feet of retail space to the network in FY23. Pantaloons division recorded quarterly sales of Rs. 798 crores with a growth of 18% over the last year and 13% L-to-L growth. ABFRL board approved the acquisition of 51% stake in TCNS Clothing Company Limited to expand the ethnic wear portfolio into the premium women's ethnic wear segment. Company's e-commerce site, The Collective, is on the path to become a premier luxury e-commerce destination in India. IMPORTANT TECHNICAL LEVELS: If the stock hold above 225 and make support on it it can go up to 248.60/289.45/320.45 with in a very less reasonable time frame.
NSE:ABFRLLong
by SnehasishBera
1
ABFRLABFRL:- Wait for breakout, if resistance gives breakout and sustains then we can see upside movement Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:ABFRLLong
by AjayDhakad_Keep_it_simple
ABFRL - Breakout & Retested NSE:ABFRL Elliott Wave Theory Suggests a New Uptrend Description: ABFRL stock has given a breakout and retested the breakout level. This is a bullish sign and suggests that the stock could be starting a new uptrend. According to the Elliott Wave Theory, if the stock breaks above 217, it could reach 241. A stoploss of 205.45 is recommended. Technical indicators such as RSI, MACD, and Chaikin Money Flow are all bullish. The price is also near the upper Bollinger band and trading above the Supertrend. Here is a more detailed explanation of each technical indicator: RSI (Relative Strength Index): The RSI is a momentum indicator that measures the speed and magnitude of price movements. A reading above 50 indicates that the stock is overbought, while a reading below 50 indicates that the stock is oversold. The RSI for ABFRL stock is currently above 50, which is a bullish sign. MACD (Moving Average Convergence Divergence): The MACD is a trend-following indicator that shows the relationship between two moving averages. A positive MACD reading indicates that the moving averages are converging, which is a bullish sign. The MACD for ABFRL stock is currently positive, which is another bullish sign. Chaikin Money Flow (CMF): The CMF is a volume-based indicator that measures the amount of money flowing into and out of a stock. A reading above 0 indicates that there is more money flowing into the stock than out of it, which is a bullish sign. The CMF for ABFRL stock is currently above 0, which is another bullish sign. Bollinger Bands (Bollinger Bands): Bollinger Bands are a volatility indicator that show the standard deviation of a stock's price over a period of time. The bands are plotted above and below the moving average of the stock's price. When the price moves outside of the bands, it is considered to be a sign of volatility. The price of ABFRL stock is currently near the upper Bollinger band, which is a bullish sign. Supertrend (Supertrend): The Supertrend is a trend-following indicator that uses a combination of moving averages and a volatility indicator to identify trends. The Supertrend for ABFRL stock is currently pointing upwards, which is a bullish sign. Overall, the technical indicators suggest that ABFRL stock is in a bullish trend and could reach 241 if it breaks above 217. However, it is important to remember that technical indicators are not always accurate and should not be used as the sole basis for making investment decisions.
NSE:ABFRLLong
by Ajay7871
High Potential Long Trade Opportunity for 2X ReturnSubject: High Potential Long Trade Opportunity for 2X Return Hello Friend's I hope this message finds you well. I am reaching out to share an exciting long-trade opportunity that has the potential to yield a substantial return on investment. After careful analysis and extensive research, I have identified a stock that exhibits strong growth prospects, solid fundamentals, and positive market sentiment. Based on my analysis, this stock has the potential to provide a 3X return on investment within a reasonable time frame. Here are some key reasons why I believe this trade is worth considering: Stock showing bottoming out on this level as per charts and RSI is moving on above 30 and volume is above 20 DMA on the Weekly chart 1. Positive Industry Trends: The stock is part of an industry that is experiencing significant growth due to emerging technologies, changing consumer preferences, or favorable market conditions. These factors create a favorable environment for the company's growth and profitability. 2. Strong Financial Performance: The company has demonstrated consistent revenue growth, solid earnings, and a healthy balance sheet. Their financial stability and positive cash flow position them well for future growth and expansion. 3. Competitive Advantage: The company possesses a unique competitive advantage, such as proprietary technology, a strong brand presence, or a differentiated product/service offering. This advantage strengthens their market position and increases their potential for long-term success. 4. Favorable Market Sentiment: The stock has attracted positive attention from analysts, institutional investors, and market experts. This increased interest indicates confidence in the company's future prospects and can contribute to a significant upward price movement. Please note that investing in the stock market carries inherent risks, and past performance is not indicative of future results. Conducting your own research and consulting with a qualified financial advisor before making any investment decisions is crucial. If you want to learn more about this long trade opportunity, I would be happy to provide a detailed analysis, including supporting data and market trends. Together, we can assess the risks and potential rewards associated with this investment, enabling you to make an informed decision. Please let me know if you want to proceed or have any questions. I am here to assist you throughout the process. Best regards, Ramu Maurya
NSE:ABFRLLong
by ramusmaurya
4
EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends, Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves. Principles of Irregular / Expanded Flat correction pattern 1) 3 waves corrective pattern which is labelled as A-B-C 2) Subdivision of wave A and B are in 3-3 waves 3) Subdivision of wave C is in 5 waves 4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A 5) Wave C completes beyond the ending level of wave A Fibonacci measurements Wave B is always 123.6% to 138.2% of measurement of wave A Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hope this post is helpful to community Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ABFRLEducation
by RK_Chaarts
10