ABFRL ; Medium Term Investment (Keep It Simple)
FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL)
Aditya Birla Fashion and Retail Limited
ABFRL
is an Indian fashion retail company headquartered in Mumbai. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India.
1. Stock has been quite bullish for past some time ; Pre-covid line 2 was acting as a support but post-covid line 2 was acting as a resistance & once it broke it ,line 3 is acting as a support.
2. My take is that price will consolidate above 240 demand zone for some time before breaking previous ATH i.e. 313 approx. ; one can start building position here and add more when price crosses above 310-320 zone .
BUY @ CMP ; SL : 240 ; TGT : 400
Wishing you a Peaceful Trading
- Gursahaj Singh
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
Aditya Birla Fashion and Retail Limited
ABFRL
is an Indian fashion retail company headquartered in Mumbai. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. 1. Stock has been quite bullish for past some time ; Pre-covid line 2 was acting as a support but post-covid line 2 was acting as a resistance & once it broke it ,line 3 is acting as a support.
2. My take is that price will consolidate above 240 demand zone for some time before breaking previous ATH i.e. 313 approx. ; one can start building position here and add more when price crosses above 310-320 zone .
BUY @ CMP ; SL : 240 ; TGT : 400
Wishing you a Peaceful Trading
- Gursahaj Singh
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
