ABDL is in a confirmed uptrend, having rallied over 90% since its April 2025 lows. The stock is now consolidating within a bullish triangle pattern, which typically signals a continuation of the prior trend.
This bullish outlook is supported by several key factors:
If the breakout from the triangle is sustained, the next potential price target is the ₹614 level.
This bullish outlook is supported by several key factors:
- Today's significant price surge was accompanied by a massive spike in volume, confirming strong buyer interest and a potential breakout.
- The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, indicating strong underlying momentum.
If the breakout from the triangle is sustained, the next potential price target is the ₹614 level.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.