indian_insight

ABFRL attempting breakout

Long
BSE:ABFRL   ADITYA BIRLA FASHION AND RETAI
We have seen good volume support for ABFRL emerging over last 3 months at lower levels indicating accumulation. ABFRL is attempting a breakout from a cup and handle on good volumes. RSI seem to be supporting the upmove. We can expect a good rally in the scrip. 242 may be a good initial price target for the up move.