Long term trendline breakoutAditya Birla Capital Limited has given breakout with increasing in volume. RSI is above 60 and stock is above 50 days EMA. Can buy this stock for short term target of 125.
Short term target 1 - 125
Short term target 2 - 140. with stop loss of 110
this is for educational purpose only.
ABCAPITAL trade ideas
ADITYA BIRLA CAPITAL (LONG)This stock has bounced back from 96 level
took support at 102 and moved further up
good volume coming
Buy near 112
Tgt 117 - 128 - 139
SL 109
retenter again if SL hit
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Trendline support, downtrend resistance & bullish divergenceFor educational purposes.
Stock looks to be in long term downtrend and reached the trendline support on weekly timeframe.
Could go long with a small stop loss of 3 rs and a target of 15 rs (1:5 R:R ratio)
Reasons for long:
1. Higher time frame trendline support
2. Psychological support of rs 100
3. Bullish RSI divergence of 1 hour time frame
4. High risk reward ration
5. If breaks the downtrend line at 115 could be a flier from here
adityle birla capFuture Outlook:
NBFC segment:
• New disbursement opening up with caution.
• Continued focus on cross-sell and leveraging synergies cross Aditya Birla Capital and Aditya Birla Group.
• Branch expansion in tier III-IV markets in H2FY 21, post assessment of macro-economic scenario.
• Building cost efficiencies with scale and opex rationalization.
• Maintain adequate liquidity and well-matched ALM profile.
• Automated and analytics-driven collections; dedicated focus on settlements/recoveries across products.
Housing Finance:
• Start business operation with caution and focus on risk adjusted returns.
• Focus on upsell/cross-sell; curating pre-approved offers for customers through analytics.
• Strong focus on collections with AI-Voice bots and analytics-based risk segmentation.
• Focus on increasing digital onboarding and customer services.
• Leveraging technology to save cost of acquisition, control on opex.
Asset Management Company:
• Continue to expand footprint in B-30 cities through branch expansion, tie-ups with large ecosystem and
digital partnership.
• Enhance customer engagement activitiesto make service a differentiator.
• Increase active Independent Financial Advisors’ (IFAs).
Life Insurance Segment:
• Balanced channel and product mix.
• Acquire new distribution partners while strengthening existing ones.
Health Insurance:
• Focus on driving productivity in existing capacities, in addition to creating new capacities.
• Differentiated value proposition to our customers.
• Continue to invest in service and health management.