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ADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RTADITYA BIRLA FASHION & RT

ADITYA BIRLA FASHION & RT

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ABFRL trade ideas

ABFRL [Intraday] Short BetSell if breaks the candle low Note :- Entry - At the break of mentioned candle's low/high Stop Loss - In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse ) You can use any one of above mentioned or your own way to manage risk Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned. Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
NSE:ABFRLShort
by ShivamMendhare
ABFRL - ASCENDING CHANNEL - Retesting the breakoutThe 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 Logic, Entry range, SL are shown in image itself. For target refer this image - 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. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:ABFRLLong
by AdityaKarn90
Chart Study- ABFRL, BHEL, ITC, EDELWEISS, INFRATEL, BOSCHLTDThe analysis done below is purely based on price action & chart patterns. Double Bottom (W) Pattern is a popular chart pattern in price action trading. In ABFRL chart (Daily TF) that I have shared here, traders can note that the second bottom is formed above the first bottom. (same is described with help of small image in the chart) In such cases where the second bottom is formed above the first bottom, the price usually breaks the next resistance level which is above the starting point of "W" pattern. (for clarity, refer the W pattern drawn in the box). Same has happened in ABFRL twice. I have observed similar patterns in formation in following stocks - (1) ITC (2) INFRATEL (3) EDELWEISS (4) BHEL (5) BOSCH Weekly Charts of above stocks are posted here with potential targets. Traders can enter into the trade as per their own setup & risk management. Also, pls comment the name of any other stock which is forming similar pattern.
NSE:ABFRL
by AdityaKarn90
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