Positional Setup for ABSLAMC (Aditya Birla Sun Life AMC)
Current Price: ₹815.05
Resistance Levels: ₹860.05 → ₹901.40
Support Level: ₹786.20
Indicators: 5-9-20 EMA TEMA & Supertrend (Buy)
Breakout Observed: Strong upward move post consolidation
Volume Confirmation: Needed (check OBV or breakout candle volume)
📈 Technical View (Positional)
The stock has broken out of a resistance zone with strong momentum.
Currently trading above major EMAs and Supertrend in Buy mode.
If it sustains above ₹786–790, the next target zones are:
🎯 ₹860 (minor resistance)
🎯 ₹900–910 (major resistance zone / swing high)
Keep a positional SL below ₹760 for swing traders.
Current Price: ₹815.05
Resistance Levels: ₹860.05 → ₹901.40
Support Level: ₹786.20
Indicators: 5-9-20 EMA TEMA & Supertrend (Buy)
Breakout Observed: Strong upward move post consolidation
Volume Confirmation: Needed (check OBV or breakout candle volume)
📈 Technical View (Positional)
The stock has broken out of a resistance zone with strong momentum.
Currently trading above major EMAs and Supertrend in Buy mode.
If it sustains above ₹786–790, the next target zones are:
🎯 ₹860 (minor resistance)
🎯 ₹900–910 (major resistance zone / swing high)
Keep a positional SL below ₹760 for swing traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.