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Technicals for Aditya Birla Fashion and Retail Limited
By MusingTheNews
2025-04-25 20:21
Overall Technical outlook
Price Summary
In today's trading session, ABFRL's shares slumped by -3.24%, marking a awful day. On 2025-04-25, ABFRL's stock began at 273.0, peaked at 274.7, dipped to 260.15, and closed up -3.24% at 264.15, with a volume of 2834857 shares. Over the course of 52 weeks, the stock peaked at 352.35 and hit a low of 237.33. 22 analysts predict that the future price of ABFRL will be in the range of 230.0 to 346.0, with a mean expected price of about 281.5909.
Technicals
Support and Resistance: The price is currently at 264.15, supported by 255.55 and resisted by 279.95. This indicates a range where 255.55 may provide a base for the price, while 279.95 serves as a cap on further upward movement for ABFRL. Support/Resistance for ABFRL
Aroon: The AROON is currently in a neutral position for Aditya Birla Fashion and Retail Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Aditya Birla Fashion and Retail Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Aditya Birla Fashion and Retail Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for ABFRL. Parabolic Stop and Reverse chart for Aditya Birla Fashion and Retail Limited
Stochastic: The K-line has moved below the D-line on the stochastic indicator, yet it remains above 80, signaling the potential beginning of a bearish price move for ABFRL. This pattern may indicate that the market's upward momentum is starting to wane, possibly leading to a downturn. Investors should watch for further confirmation. Stochastic chart for Aditya Birla Fashion and Retail Limited
Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Tripple SMA chart for Aditya Birla Fashion and Retail Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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