Buy ABFRL
A Symmetric Triangle formation has occurred on the weekly charts.
Above average high volume on breakout.
Also price has been in an expanding formation since 11th May 2020.
Price objective as per Triangle formation comes to 382.9
Other near term price targets are shown by green horizontal lines
Rising ADX line + Bullish MACD crossover on weekly charts further confirm the bullish trend
Stop Loss can be kept at 184.3
Risk/Reward Ratio is 4.35
Above average high volume on breakout.
Also price has been in an expanding formation since 11th May 2020.
Price objective as per Triangle formation comes to 382.9
Other near term price targets are shown by green horizontal lines
Rising ADX line + Bullish MACD crossover on weekly charts further confirm the bullish trend
Stop Loss can be kept at 184.3
Risk/Reward Ratio is 4.35
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