The short-term outlook is bullish for Aditya Birla Capital. The stock surged about 7 per cent on Tuesday. This has ended the two-week sideways consolidation. Immediate support will be at ₹213. Below that ₹208 and ₹202 are the next strong support. We expect the downside to be limited to ₹208 in case if the share price falls from here below ₹213. The moving average indicators are also giving strong bullish signals.
Aditya Birla Capital share price can rise to ₹235 over the next two-three weeks. Traders can go long now around ₹217. Accumulate on dips at ₹210. Keep the stop-loss at ₹204. Trail the stop-loss up to ₹221 as soon as the stock moves up to ₹225. Move the stop-loss further up to ₹227 when the price touches ₹230. Exit the stock at ₹232.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.