Reasons being: 1. Parallel channel Breakout in Daily chart 2. Breakout in OBV 3. More than Daily Normal Volume 4. Price Jumps twice above 100 shows presence of Heavy Buyers 5. Even with a negative earnings report it's share price rises more than 10% in 2 -3 days shows clear indication that people are accumulating it more and more with a positive future expectation.
Long ABFRL for a target of 140 and 175 in 2 to 3 months SL around 95