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 trade ideas
$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
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
"Investment Sensation: The Ultimate Guide to Buying Aditya BirlaIntroduction
Investing in the stock market can be a lucrative endeavor if approached strategically. This guide unveils a captivating opportunity: buying Aditya Birla Fashion stocks at 200 and aiming for a remarkable target of 420. Join us as we delve into this investment sensation and explore the steps to achieve financial success.
Understanding Aditya Birla Fashion
Aditya Birla Fashion holds a prominent position in the dynamic world of fashion retail. With a rich portfolio of brands and a growing customer base, it presents a compelling investment prospect. The company's market trends and performance make it an attractive choice for astute investors.
The Rationale Behind Buying at 200
Buying stocks at a specific price point is a strategy rooted in maximizing returns. Purchasing Aditya Birla Fashion shares at 200 capitalizes on potential future growth. This entry point leverages market dynamics, positioning you favorably as the stock advances.
Setting the Target: Why Aim for 420?
The target price of 420 is not just a number; it's a calculated aspiration. This figure encapsulates realistic growth projections and market analysis. Striving for 420 aligns with the upward trajectory of Aditya Birla Fashion and enhances your investment journey.
Implementing Your Investment Strategy
Thorough Research: Investigate the company's financials, market positioning, and growth strategies.
Timing Matters: Watch for market fluctuations and enter at an opportune time near the 200 mark.
Diversification: Balance your portfolio to manage risk effectively.
Long-Term Vision: Plan to hold your investment patiently to realize substantial gains.
Stay Informed: Continuously monitor company news and industry trends to make informed decisions.
Monitoring and Adjusting Your Investment
Regular Assessment: Track the progress of your investment against the 420 target.
Market Flexibility: Be prepared to adjust your strategy based on evolving market conditions.
Expert Insights: Consider seeking advice from financial experts or advisors to refine your approach.
Embark on your journey to investment success with Aditya Birla Fashion. By purchasing at 200 and aiming for 420, you position yourself to reap the rewards of a well-calculated investment strategy. Remember, knowledge, timing, and diligence are your greatest assets in the dynamic world of stock investment.
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.
ABFRL 1HRINTRADAY TRADE
ADITYA BIRLA FASHION Looking good for upside..
When it break level 214 and sustain.. it will go upside...
BUY@ 214
Target
1st 215.65
2nd 216.90
ABFRL JUL FUT – 8 LOT (Qty-20800)
TRADERS ALSO DO SWING TRADE FOR LONG TARGET
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
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.