ABFRL trade ideas
Aditya Birla Fashion (Ready for big up move)Aditya Birla Fashion
From past few week stock is moving in uptrend, we can see stock is continuously making lower high. It is almost near to its corona high which is also its all time high. If stock can break the levels of 275-280 we can see big up move up-to the levels of 450 with stop loss of 190-200.
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.