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.
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.
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