ADITYA BIRLA FASHION (ABFRL) Time to dive for a swing
ADITYA BIRLA FASHION (ABFRL) is trading near its 52 week high & consolidated for few weeks and trying to break resistance, once it breaks and sustain above resistance price will move towards 500INR.
This is just my overview on the basis of price action and i am not recommending to buy or sell.
(I am not SEBI registered)
Abfrlanalysis
ABFRL Bullish FlagBullish Flag Pattern in ABFRL
The daily chart of ABFRL is showing a Bullish Flag pattern, which is a continuation pattern that suggests the stock is likely to continue its uptrend. The pattern is characterized by a sharp rise in price (the flagpole) followed by a consolidation phase (the flag) where the price trades within a narrow range.
ABFRL Aditya Birla Fashion upside target 330, 350Aditya Birla Fashion's stock can see a good uptrend, the stock can see targets of up to 330, 350 in a short period. The stock also saw an increase of about two and a half percent in today's session. A bullish engulfing in stock
The candlestick pattern has been seen with the stock closing with a bullish hammer candle on the one-hour chart, the stock gap may open in tomorrow's session. Also, the number of buyers in the stock today was 10 times that of the seller, indicating a gap up for tomorrow. Please take the help of your financial advisor before making any investment. We only present trending stocks with bullish or bearish reasons.
ABFRL POSSIBLE WAVE COUNTS - ADITYA BIRLA FASHION AND RETAILHello Friends,
Today I am sharing my view on Aditya Birla Fashion And Retail Limited.
ABFRL is now ready for new long positions as per Elliot Wave structure.
It is suppose to complete WAVE ABC as Expanded Flat Correction which usually comes in 3-3-5 waves.
Now price is in 5th wave of corrective wave ABC which any time get reversal from downtrend to uptrend.
MACD showing strength as price is making lower low but macd makiing higher low
similar Scenario with RSI
confirmation of reversal
One can make new long positions in ABFRL after the breakout of wedge pattern.
Disclaimer
I am not SEBI registered analyst.
all the studies are for educational purposes.
I am not responsible for any kind of your profits and losses.
ABFRL AT CIP LEVEL +DEMAND ZONE !!Hello to everyone
The price trading near weekly demand zone . A significant decline has been seen in the price and the price is now trading near the demand zone . so the price can takes rest from the decline and can move upwards from the support zone .
If the price respects the support zone and if any bullish candle or formation is formed then we can build our position to the upside.
#ABFRL
👉Do Or Die level
👉Support seen at 222-220
👉Reversal sign
👉If holds then its can move for 260/280/300
👉Add to your watchlist
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
ABFRL BULLISH MOMENTUM VIEW!!!!The price persisted itself at the strong support level 235-- 242 & also respected the trendline support. In daily chart price also forms the base for upside move in coming days.
Here the price & chart indicates perfect low risk & high reward setup. We can enter in long position with the SL of below the support level for swing trade.
👉🏻Strong trendline support✅
👉🏻RSI divergence✅
👉🏻Reversal Candle📈
👉🏻Support at 240-35👍
👉🏻Low risk high reward setup.✅
👉🏻Keep stock on radar for swing trade.👍
ABFRLHello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock.
This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".