ABFRL POSSIBLE WAVE COUNTS - ADITYA BIRLA FASHION AND RETAIL

Hello Friends,
Today I am sharing my view on Aditya Birla Fashion And Retail Limited.

ABFRL is now ready for new long positions as per Elliot Wave structure.
It is suppose to complete WAVE ABC as Expanded Flat Correction which usually comes in 3-3-5 waves.
Now price is in 5th wave of corrective wave ABC which any time get reversal from downtrend to uptrend.


MACD showing strength as price is making lower low but macd makiing higher low


similar Scenario with RSI


confirmation of reversal

One can make new long positions in ABFRL after the breakout of wedge pattern.

Disclaimer
I am not SEBI registered analyst.
all the studies are for educational purposes.
I am not responsible for any kind of your profits and losses.