Hello, friends and traders today I am sharing ABFRL (Aditya Birla Fashion and Retail) analysis with full target and stop-loss this analysis is totally based on pure price action .
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Now move to topic ABFRL analysis for short term to medium term .
As you can easily check that ABFRL is trading near its resistance zone and also near its upper trendline . 2nd thing ABFRL is making a symmetrical triangle pattern in a daily timeframe and it is trading near this. if this level breaks that lies in the 225-230 zone you can buy near this or wait for a pullback and buy near the 224-226 zone .
- Buy near 224-226 zone
- Stop Loss– Near 190
- 1st target near 237-240 if this levels sustains then you can also see 270-280 zone very quickly
- so keep this stock on your radar for the short to medium term for good returns.
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Disclaimer : This analysis is totally based on my knowledge and my experience it may give you loss or profit so kindly contact your financial advisor before taking any trade . if you will losse i will not responsible for this .