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Technicals for Aditya Birla Fashion and Retail Limited
By MusingTheNews
2026-02-02 20:21
Overall Technical outlook
Price Summary
On 2026-02-02, Aditya Birla Fashion and Retail Limited's shares started at 64.8, peaked at 64.8, bottomed out at 62.89, and ended -1.19% lower at 64.03, with 2361943 shares traded. Over the previous 52 weeks, the stock reached a high of 286.05 and a low of 61.64. 17 analysts suggest that ABFRL's future price will lie between 50.0 and 131.0, with an average expected price of roughly 82.76471.
Technicals
Support and Resistance: The price currently sits at 64.03, finding support at 61.87 and resistance at 74.65. These levels define a range for Aditya Birla Fashion and Retail Limited where the price may move, with 61.87 offering a base and 74.65 limiting upward momentum. Support/Resistance for ABFRL
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Aditya Birla Fashion and Retail Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Aditya Birla Fashion and Retail Limited
Parabolic SAR: The PSAR continues to indicate a bullish outlook, setting a crucial support level. This strong support could bolster the ongoing upward trend, suggesting that the market may remain in a positive trajectory. Investors may view this as a sign of sustained bullish momentum. Parabolic Stop and Reverse chart for Aditya Birla Fashion and Retail Limited
Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Stochastic chart for Aditya Birla Fashion and Retail Limited
Tripple Moving Agerage: A bullish trend for Aditya Birla Fashion and Retail Limited is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages raise concerns about a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not last, signaling the possibility of a shift in direction. Tripple SMA chart for Aditya Birla Fashion and Retail Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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