ABFRL - Expecting more fall from this point now
As expected & explained in my Jan 22nd analysis that stock would not go upside beyond 288
It tried twice but finally resisted and fell
And while falling it now broke important support area near 260-62
So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62
As it is now the new resistance as well as the flip zone, so the changes are very high
Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
It tried twice but finally resisted and fell
And while falling it now broke important support area near 260-62
So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62
As it is now the new resistance as well as the flip zone, so the changes are very high
Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
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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.