NSE:ABFRL has broken out of a symmetrical triangle with decent volumes. If the breakout sustains then it has the potential to take the prices at 340/350 levels. Keep an eye!
Just studied and thought as per fundamental Didn't expected 59 percent up Updated
Towards new highs stay bullish on ABFRL, TOWARDS TARGET 400+. All stocks of Aditya birla group are performing well and very bullish even NIFTY showing bear Market.
ABFRL chart analysis for study purpose only 10% profit
ABFRL is creating a Nice Head and Shoulder pattern. Everything is there in the Chart attached including Entry, Stoploss and Targets along with Supply and Demand Zones... Happy Trading
The stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near previous swing low.
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Entry should be above the high of today's candle The above analysis is purely for educational purpose. Traders must do their own study...
1. Very aggressive longs added in futures 2. Daily and weekly break out with volumes 3. Taking very good support at 21 EMA
Breakout expected in ABFRL @ price of 223-225. After BO stocks might move towards 280 with minor resistance of 245. Disclaimer - this is just for educational purpose and not a trading or investment advise
watch pattern carefully which is zig zag chart as shows all information about trends without time limit or against time As per my Research will go to 195 once again to bounce back As per long term view this stock is best to hold Thank You Samkit Jain
DATE: 30 MAY 2021 INSTRUMENT: ADITYA BIRLA FASHION AND RETAIL LTD. TREND: BUY TIME FRAME: DAY CMP: 191.05 BUY ABOVE: 195 STOP LOSS: 189 TGT 01: 201 TGT 02: 216 TGT 03: 224 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever. Leave a...
30 min break out- buy above 185 all moving averages are converging
DATE: 23/5/2021 INSTRUMENT: ABFRL TREND: BUY TIME FRAME: DAY CMP: 188.50 BUY ABOVE: 190 STOP LOSS: 180 TGT 01: 205 TGT 02: 220 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic, Entry range, SL are shown in image itself. For target refer this image - The above analysis is purely for educational purpose. Traders must do their own study before...
The analysis done below is purely based on price action & chart patterns. Double Bottom (W) Pattern is a popular chart pattern in price action trading. In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart) In such cases where the...