ABCAPITALNSE:ABCAPITAL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
ABCAPITAL trade ideas
Long term trendline breakoutAditya Birla Capital Limited has given breakout with increasing in volume. RSI is above 60 and stock is above 50 days EMA. Can buy this stock for short term target of 125.
Short term target 1 - 125
Short term target 2 - 140. with stop loss of 110
this is for educational purpose only.
ADITYA BIRLA CAPITAL (LONG)This stock has bounced back from 96 level
took support at 102 and moved further up
good volume coming
Buy near 112
Tgt 117 - 128 - 139
SL 109
retenter again if SL hit
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Trendline support, downtrend resistance & bullish divergenceFor educational purposes.
Stock looks to be in long term downtrend and reached the trendline support on weekly timeframe.
Could go long with a small stop loss of 3 rs and a target of 15 rs (1:5 R:R ratio)
Reasons for long:
1. Higher time frame trendline support
2. Psychological support of rs 100
3. Bullish RSI divergence of 1 hour time frame
4. High risk reward ration
5. If breaks the downtrend line at 115 could be a flier from here