ABFRL trade ideas
ADITYA BIRLA FASHIONS - Poised to moved up ?The stock saw a huge fall of about 50% from a high of 359. From the bottom, it has been struggling for almost a year to reverse the trend. And of late, you can see the attempt to move up, seeing some success. You can see a break of structure in the daily and now a break of structure in the weekly as well. The relative strength is also positive. The money flow which had dipped is now recovering. The momentum also had weakened recently and is now picking up. Today the stock moved past the price rejection zone at 277 with wide spread up bar with volume support. In the last few sessions, we saw some increase in delivery volumes indicating some interested buying coming in. If the stock sustains above 277 levels, we can see the stock moving up further north. The next destination could be 315 levels.
5% Trade Ideas #5PercentTrade - ABFRL#5PercentTrade #Equity #5%Profit_Trade_in_21_Days
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✅ Stock Name - NSE:ABFRL (Aditya Birla Fashion Retail Limited)
Trade Process :-
✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers
✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart).
✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1.
✅ - Keep Trailing the SL as Stock Price moves to next Targets.
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ABFRL - Simple Greedy SetupThe chart itself is self-explanatory. The price is at the bottom of the rising wedge pattern. Here applies the simple rule of risk-reward ratio.
Targets may be 245/275 around. if sustains below 214, will go weak on the charts.
This is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
ABFRL- AnalysisAnalysis for investment
Buy zone Buy Zone 231 to 214
Safe player buy zone and Pyramiding level above 252
Stop loss - 190 on day closing below this levels for minimum two days.
Investment Targets :- 270 , 290 ,315 then 335 May be 370
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Trend Reversal - ABFRL📊 Script: ABFRL
📊 Sector: Retail
📊 Industry: Textiles - Products
Key highlights: 💡⚡
📈 Script has taken support near 224 level. We may see trend reversal from here.
📈 Upside we can see 245 , 250 level with support of 224 level.
⏱️ C.M.P 📑💰- 228
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Aditya birla fashion -- Bullish -- CE350Very bullish chart
Buy Now at market price
Option traders and equity trader hold is key
Equity trader hold till 1 year 2x return
Option trader take CE call as strike price you want market go upside and very bullish
Target 1st 350 in short long term
Target 2nd All time high 1000rs in 2 years
For more chart analysis comments me in this post
Volume Building - ABFRLPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Observing the volume buildup, I am sensing an upward move in this stock.. But as there were immediate resistances, once can plan to take fresh positions only after 2nd resistances..
For the one who already hold this position, this is a positive sign to expect upward move.
ABFRL looking good for upswingFor all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,