ABFRL Symmetrical Triangle BreakoutNSE: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!
ABFRL
Abfrl 59 percent rallyJust studied and thought as per fundamental
Didn't expected
59 percent up
Updated
ABFRL TARGET 400+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 - Sell Side TradeABFRL 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
ABFRL Short Term ReversalThe 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.
abfrlabfrl looks very much in ascending range and shows a continuous interest of buyers and insider in it . for investor can give up to 50% return in coming one year.
ABFRL - Ascending Triangle - Very low Risk High Reward tradeThe 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 before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ABFRL Breakout1. 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 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
ABFRL just weak for 2 3 session to bounce back 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
ABFRL ::: BULLISHDATE: 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 comment that is helpful or encouraging.
Let's master the markets together.
ADITYA BIRLA FASION AND RETAIL LIMITED :: BULLISHDATE: 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.
ABFRL - ASCENDING CHANNEL - Retesting the breakoutThe 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 entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Chart Study- ABFRL, BHEL, ITC, EDELWEISS, INFRATEL, BOSCHLTDThe 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 second bottom is formed above the first bottom, the price usually breaks the next resistance level which is above the starting point of "W" pattern. (for clarity, refer the W pattern drawn in the box).
Same has happened in ABFRL twice.
I have observed similar patterns in formation in following stocks -
(1) ITC
(2) INFRATEL
(3) EDELWEISS
(4) BHEL
(5) BOSCH
Weekly Charts of above stocks are posted here with potential targets.
Traders can enter into the trade as per their own setup & risk management.
Also, pls comment the name of any other stock which is forming similar pattern.
#ABFRL #NSE #NIFTY #BANKNIFTY #FASHION #IoT #ML #INVEST #TRADE #ABFRL
Aditya Birla Fashion and Retail Ltd.
CMP: 164.95
Target: 188
SL: 127
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Abfr upside expectedAditya 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.
ABFRL attempting breakoutWe 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.
