#ABFRL Aditya Birla Fashion and Retail Ltd. CMP: 164.95 Target: 188 SL: 127 If u like my work, kindly support by LIKE SHARE & FOLLOW. for latest stock recommendations.
Aditya birla fashion retail has taken strong support at 130 levels and have moved upside. Consistently breaking resistance and closing above 20 dma. Momentum trade upside till closes below 20dma. Target 164.
STOCKMAN IDEA VIEW ON ADITYA BIRLA FASHION LIMITED(ABFRL)
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.