Comments
The outlook for Aditya Birla Capital is bullish. The downtrend that was in place since mid-June this year seems to have ended. The price action over the last few weeks signals a trend reversal. Immediate support is around ₹224. Below that, ₹219-₹216 is the next strong support zone. Aditya Birla Capital share price can rise to ₹250 in the next few weeks. Intermediate resistance is around ₹231.
A break above it can boost the bullish momentum and take the share price higher. Traders can go long now at ₹227. Accumulate on dips at ₹222. Keep the stop-loss at ₹214 initially. Trail the stop-loss up to ₹230 as soon as the stock moves up to ₹236. Move the stop-loss further up to ₹238 when the price touches ₹243. Exit the long positions at ₹250.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
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.