ABFRL - Buy near 196Bullish Engulfing on daily chart
Buy @ 196
SL @ 192
Tgt @ 219
Disclaimer: I am not sebi register analysist
ABFRL trade ideas
Accumulation PhaseNSE:ABFRL is in its accumulation phase and we can keep a small stop loss and can accumulate the stock for big target in next 3-4 months
Buy ABFRL Above 224-228 SL Below 199ABFRL in Demand Zone and also Breakout of Trend line.
Buying on Dips with SL 199.
Buying Zone @ 224-228
SL Below 199
Target1 263
Target2 293
[POSITIONAL] ABFRL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
ABFRL Weekly Setup - LongGood Setup. Stock has made Lower Lows on Weekly Basis For a While Now. Looks like Breaking out if closes above 225 on weekly Basis.
Go Long
Entry Above 225
SL 215
Targets 240/255/280/311
Incidently
>20 Analyst Predicting to Buy with Average Estimate of 315
Revenue is expected to grow by 34.5% in FY23
Net income is expected to grow by 150.5% in FY23
EBIT is expected to grow by 78.9% in FY23
Looks like a Good Deal. Will Keep y'all Posted in this. Personally Taking Entry above 225 Holding > 6months for Target 4.
ABFRLOne more triangle break out and consolidation. Buy above 222 with the stop loss of 214 for the targets 232, 240 and 248. This is the weekly chart where we can see the break out clearly. This is not a recommendation to buy/sell. Do your own analysis.
[POSITIONAL] ABFRL LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
ABFRL - Intraday Trade || 11th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for the 12th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
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* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
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ABFRL DAILY ANALYSIS double bottom ABFRL daily candle Double Bottom can hold by mkt than risk reward is great in this stock
Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = ABFRL
Time Frame = 1 Day
5th PendingThe stock is currently in 4th wave consolidation.
Break of 245 price may move for the 5th... minimum projection being 220 for the same.
Lets see how this develops.
Aditya Birla Fashion major support brokenAditya Birla Fashion's major support broken today after 2 years with good volume
ABFRL long trade ABFRL looks attractive buy in the demand zone in the price range of 236-237 with SL of 225 for target of 245,252,257
ABFRL - LongABFRL is standing on its major support zone. Previously it has shown a tremendous upside from this support zone. Stop loss is minimal and expected upside is far away. Long position can be created on this level. NSE:ABFRL
Aditya Birla FashionBuy Aditya Birla Fashions @ 236 . This is stock bottomed out and moving towards up direction.
Next targets will be 270 + 290 +
PERFECT EXAMPLE OF SUPPORT & RESISTANCE ABFRLStock is giving a good example of support and resistance the main factor which worked in stock market or in stocks.
𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞💡
𝐈𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐟𝐚𝐥𝐥𝐬 𝐛𝐞𝐥𝐨𝐰 𝐚 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐥𝐞𝐯𝐞𝐥, 𝐭𝐡𝐚𝐭 𝐥𝐞𝐯𝐞𝐥 𝐰𝐢𝐥𝐥 𝐛𝐞𝐜𝐨𝐦𝐞 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞. 𝐈𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐫𝐢𝐬𝐞𝐬 𝐚𝐛𝐨𝐯𝐞 𝐚 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐥𝐞𝐯𝐞𝐥, 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐨𝐟𝐭𝐞𝐧 𝐛𝐞𝐜𝐨𝐦𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭. 𝐀𝐬 𝐭𝐡𝐞 𝐩𝐫𝐢𝐜𝐞 𝐦𝐨𝐯𝐞𝐬 𝐩𝐚𝐬𝐭 𝐚 𝐥𝐞𝐯𝐞𝐥 𝐨𝐟 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐨𝐫 𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞, 𝐢𝐭 𝐢𝐬 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 𝐭𝐡𝐚𝐭 𝐬𝐮𝐩𝐩𝐥𝐲 𝐚𝐧𝐝 𝐝𝐞𝐦𝐚𝐧𝐝 𝐡𝐚𝐬 𝐬𝐡𝐢𝐟𝐭𝐞𝐝, 𝐜𝐚𝐮𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐛𝐫𝐞𝐚𝐜𝐡𝐞𝐝 𝐥𝐞𝐯𝐞𝐥 𝐭𝐨 𝐫𝐞𝐯𝐞𝐫𝐬𝐞 𝐢𝐭𝐬 𝐫𝐨𝐥𝐞.
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Aditya Birla fashionAditya birla fashion stock complete down side 5 wave and ready to bounce upside wave abc o.38%
ABFRL Ending Wave 2 of Larger DegreeABFRL needs this Week Positive close to confirm this correction is over & Pull back has ended near to Wave 4 low thats makes this setup more lucrative for Investors.
ABFRL AnalysisABFRL on weekly timeframe is showing early signs of reversal, the stock is currently consolidating around 50% retracement level from Covid low to ATH and after a correction from top, since last 4 weeks it is making base here.
This may even turn out to be higher bottom in comparison to June low.
Overall the level is also at a channel trendline support zone and does provide a low risk entry here.
On daily time frame, the stock is trading in a range and has formed a morning star pattern with a 20dema breakout as well. The volumes were also good in today's session. RSI is also gaining momentum with a some hints of positive divergence ..
ABFRL : Short Trade OpportunityGood Day,
Hello Traders,
ABFRL is ready for a big downside as it went through different phases
Firstly, it was in a parallel channel upside from Feb 21 till May 22.It incldes a HEAD and SHOULDER pattern which it formed during this phase.
It broke the neckline in June 22 with a heavy sell off in the weekly candle.
Suprisingly , it rallied since July 22 till Oct 22 unprecendently.
It followed up with a Big sell off..
This time around the Sell off is done with Heavy Volumes.
Big downside is evident. Good candidate for Short side.
Time Frame : Weekly
It also depends how market behaves.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
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