Aditya Birla Fashion & Retail (NSE: ABFRL) – Price Volume Contra
The stock has been in a range-bound consolidation between ₹330 and ₹355 for over three months and is showing signs of a potential breakout:
Price Volume Contraction: The price has been tightly consolidated with lower volume, indicating a reduction in volatility. A breakout with increased volume could signify a strong move.
Moving Averages: The stock is well-supported by the 50-day and 100-day moving averages, which are trending upwards, adding bullish momentum to the setup.
RSI (14): The RSI is currently around 65, signaling strength and further potential for an upward breakout without being in overbought territory.
Resistance: The stock has recently tested the resistance at ₹354 multiple times, and a close above this level could lead to a breakout with significant upward momentum.
Price Volume Contraction: The price has been tightly consolidated with lower volume, indicating a reduction in volatility. A breakout with increased volume could signify a strong move.
Moving Averages: The stock is well-supported by the 50-day and 100-day moving averages, which are trending upwards, adding bullish momentum to the setup.
RSI (14): The RSI is currently around 65, signaling strength and further potential for an upward breakout without being in overbought territory.
Resistance: The stock has recently tested the resistance at ₹354 multiple times, and a close above this level could lead to a breakout with significant upward momentum.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.