Aditya Birla Capital has given a 5Y breakout with good volume. Also bounce back from 50% Fibonacci retracement. RSI is 65 showing strong buy zone.
Buy price - 162-165
Target 1 - 178 which is 10%
Target 2 - 194 which is 20%%
SL - 154(5%)
Disclaimer : This is for educational purpose only. Take advice from your financial adviser before investing.
NSE:ABCAPITAL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
Aditya Birla Capita Ltd
C&H Pattern: Monthly Basis
MultiYear Price Trendline: BreakOut Needed & to be Sustained. Then Good to Go!
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
Snapshot
Holdco: Financial services businesses of Aditya Birla Group
Diversified presence in the financial services space
Growing Sales & Profitability: Qtrly...
Aditya Birla Capital
🔹 Stock Trading above 50 & 200 EMA
🔹 Stock making Big Base with higher volume
🔹 Stock structure is Uptrend
🔹 Breakout Level 155 Support 144-45
🔹 RR Favorable for going long
♻️ Retweet for max reach.
ABCAPITAL trading in ascending triangle pattern Keep eye on breakout of pattern
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
NSE: ABCAPITAL is closing with a bullish momentum breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
140-144 is the base price of AB Capital.
As per Fundamentals Balance sheet of the Company looks good.
They have Good PE Ratio of 2.31.
Book value of 62.75.
which is good for AB Capital.
It may outperform,
Long AB Capital for the target of 250/320.
NOTE: This trade is only for Long-term Traders.
Have A Good Day Traders.
Target = 160
SL = 123
Great breakout.
Wait for pullback to enter.
I have an initial position already, will double the same during pullback - most likely.
