ABFRL Bullish to form Gar-Fly harmonic Pattern - Target 400ABFRL has formed Bullish Gar-Fly pattern.
Rally will take it to 400
Target1: 335 / 345
Target2: 375 / 400
ABFRLQ2025 trade ideas
MultiCaps.in : Aditya Birla Fashion Retail LtdAditya Birla Fashion Retail Ltd
Performance Summary:
• Turnover FY 2021-22: 8136.00 CR, Turnover in FY 22-23 till 31st Dec 2022: 11818 Cr
• Market Cap: 24,245.00 Cr
• 3091 Brand Store Pan India.
• 377 Pantaloon Stores.
• 28585 Multi Brand Stores Across India.
CONCLUSION:
• CMP: 255
• Immediate Target: 317 an upside of 25% in coming 3 months depending on performance of Nifty
• Technical Stop Loss: Previous low of June 2022 ie 220.
• Fundamental & Technical Verdict: Buy
Thanks
MultiCaps.in : Analysis of Aditya Birla Fashion Retail LtdAditya Birla Fashion Retails Ltd is a company's Summary:
Performance Summary:
• Turnover FY 2021-22: 8136.00 CR, Turnover in FY 22-23 till 31st Dec 2022: 11818 Cr
• Market Cap: 24,245.00 Cr
• 3091 Brand Store Pan India.
• 377 Pantaloon Stores.
• 28585 Multi Brand Stores Across India.
Analysis Verdict:
• Excellent Portfolio Stock
• Excellent Risk Reward Ratio
Valuation:
• Fair to Undervalued w.r.t market.
See the Chart:
Blue Parallel Line Indicate Range bound movement of stock price from Rs 250 – Rs 310
Supply Zone: 1,2,3 Signifies the Range Peak. (Resistance), this is also called supply Zone and profits are booked here.
Demand Zone: A, B, C, D Indicates the Range Support on larger trend, which is still Intact. (This is demand zone)
RSI Over Sold: RSI 30 or Below is Oversold. Generally, when RSI is 30 or Below. we see Stock Marks its low and Buying Starts in stocks and price goes up.
RSI Over Bought : RSI 70 & Above is Over Bought. WE see profit booking/ selling of stock these levels and stock price correction happens.
Each time ABFRL has touched or Breached RSI 30, there was price rise
Every time RSI was over 70 & above we can see profit booking and correction in stock price.
RSI Verdict: RSI is around 30, Sold is oversold, We can see Buying in stock and price may go up from Here till Rs 310.
Fibonacci Retracement Analysis:
• 78% Retracement is complete, Stock is under price wise correction
• Good Rise reward ratio, We may see change in price trend as per the chart.
Fibonacci Extension:
• If price is reversed from here, we may see upward of price movement till 380, then 467 in long term.
Fibonacci Verdict:
• The movement stock is over 275 price levels, it will breach its previous high of 361 and will go upto 450 as per trend.
CONCLUSION:
• At CMP: 255, 78 % Retracement is complete, Stock price is under consolidation.
• Immediate Target: 317 an upside of 25% in 4 to 6 weeks depending on performance of Nifty.
• Technical Stop Loss: Previous low of June 2022 ie 220.
• Fundamental & Technical Verdict: Buy
