ABFRL Bottom and Reversal Candle
Today ABFRL Chart printed a bullish Reversal candle after weeks of slow bleeding.
Price found a bottom at 97 and quickly got bought up above 110. Sign of buyers interested in the stock at this price.
Few days ago the stock saw massive buy volume when it jumped 10% to 125rs But it was quickly brought down buy sellers and then few days of bleeding continues.
Today's daily close was a classic bullish reversal candle. Buying is recommended if todays Open of 106 holds successfully.
Trade safe.
*Remember ABFRL is a fashion and apparel co. and Due to lockdown, malls and stores are closed.
*Enter this trade purely on technical basis.
Price found a bottom at 97 and quickly got bought up above 110. Sign of buyers interested in the stock at this price.
Few days ago the stock saw massive buy volume when it jumped 10% to 125rs But it was quickly brought down buy sellers and then few days of bleeding continues.
Today's daily close was a classic bullish reversal candle. Buying is recommended if todays Open of 106 holds successfully.
Trade safe.
*Remember ABFRL is a fashion and apparel co. and Due to lockdown, malls and stores are closed.
*Enter this trade purely on technical basis.
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