seekedgetrade

#adityabirlafashion cup pattern and channel breakout

Panjang
NSE:ABFRL   ADITYA BIRLA FASH
Aditya Birla fashion and retail is breaking out from trendline channel and a cup pattern.
Great momentum and rising trend can be seen on short medium and long timeframes.
Volumes are also good above moving average and given that several resistances taken out earlier week goes back
To 5 years may be indicating this stock currently at all time high levels could give much more on the upside
Stop loss below breakout levels and entry in any daily retracement could still give reasonable risk reward

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