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 trade ideas
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..
If you really like the analysis , please do comments, LIKE and Follow me.
Breakdown in Aditya Birla Fashion And Retail Limited...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MAKE OR BREAK ABFRLABFRL at the juncture of weekly support. Let's see whether - range work as support. If unable to sustain the support, more pain in the script.
NSE ABFRL – Motive Cycle BeginsTimeframe: Daily
NSE ABFRL has been forming into the corrective formation for more than 15 weeks. This manner of the price is corrective because it is falling steeply into the channel.
As per the rule of the channel, the corrective wave respects the channel because they don’t have the power to break out from the parallel lines. The impulse breaks the channel, whereas the correction forms within it.
Currently, the price has accomplished wave 5 of wave (C) at 240 , and the price started lifting near the upper band of the regression channel. This breakout can be a holy grail for bulls to reach near wave (B). Safe traders can wait for the retracement to ride the impulse.
ABFRL - short term buying opportunityABFRL
Chart pattern showing good support area
Kindly consider buying with hedge
Stoploss 221
Thanks
Aditya Birla Fashion Retail LimitedABFRL (Daily):
- Stock is taking support on Rising Trendline
- ABFRL is consolidating near support (Trendline Support)
- Can consider going long above closing of 258 levels
- Stock has given closing above 20 Days MA in Daily Time Frame
- Also RSI is reversing from Oversold Zones in Daily Frame
Note: Above analysis is just for educational purpose.
Aditya Birla Fashion and Retail Ltd Aditya Birla Fashion and Retail Ltd Looking Bullish Above 260 CMP 256 SL Below 245
ABFRL - Low risk High Reward Trade on Breakout RetestABFRL - On the 15-minute time frame Aditya Birla Fashion has breached a key level, and current trend is bullish on higher time frames.
Entry should be made on a retest of the breakout, and stop loss should be kept below the key level zone.
I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for more of these kinds of analysis.
Disclaimer: I am not SEBI registered and this analysis is not intended to be financial, investing, trading, or other sorts of advice or recommendations.
ABFRL Trend AnalysisABFRL is at strong support. Trade with a tight SL
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
[Intraday] ABFRIL 3BBR Buy BetNote -
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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buy abfrlit has form reciprocal ABCD harmonic pattern. it may retrace till 0.38%-0.50% of point CD. view negated below 255 clbs.
ABFRL TRADING IN HURDLE ZONENow ABFRL trade in hurdle zone 263 to 276
Down side strong swing sup 227
Upside clear up move on only after break 276
Then upside can see 303/342
ABFRL losing strengthOn a monthly chart, stock is forming a rising wedge pattern. Now it is near resistance and volume on the monthly chart is also decreasing.
ABFRL - Possible long tradeCheck the chart for levels.
Wait for confirmation to take a long swing trade.
#ABFRL - will it crawl out?#ABFRL - should make attempts to crawl out of its confined space and could head to 332 - 335, All levels mentioned on chart and below, as well:
Enter Long @ CMP 313
SL @ 302
Target @ 332 - 335.
Breakout stocks for 09-12-2022 for Swing trading #GSFC #NCC i analyzed 3 breakout stock do subscribe like and comment
contra trade abfrlabfrl down 16% in 20 days ,and in range from some days.short term can go 360.but immediate 1st target 315 and 322
ABFRL Cmp 314 dated 10-11-2022 HAMMER @ SUPPORTABFRL Cmp 314 dated 10-11-2022
1. Hammer Candle @ support
2. RSI reversal
3. Good RRR
Buy above 315 for target 325-330-340-345-350-355 SL 305
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
uptrend parallel channel pattern in ABFRL.TATACHEM
Key highlights: 💡⚡
📈 On 2Hr Time Frame Stock Showing Reversal of uptrend parallel channel Pattern .
📈It can give movement upto the Reversal target of 330+.
📈There have chances of breakdown of supportlevel too.
📈 After breakdown of support level this stock can gives strong downside rally upto below 296-.
📈 Can Go Short in this stock by placing stop loss above 360 or last swing High.
