ABCAPITAL - Technical Analysis with Chart Patterns & Indicators
Last Updated Time : 19 Sept 25, 2:16 pm
Back to Technical ListTechnical Rating: 4.3
Hereโs a detailed technical analysis of Aditya Birla Capital Ltd. (ABCAPITAL)
๐ Trend Overview
Current Trend: The stock is in a strong uptrend, trading at its 52-week high of โน295. Price action shows bullish continuation with breakout potential.
Price Action: Trading at โน291, well above both the 50-DMA (โน275) and 200-DMA (โน235), confirming sustained upward momentum across short and long-term timeframes.
๐ Momentum Indicators
RSI (58.8): Bullish zone, approaching overbought territory. Indicates strong buying interest but still below the caution threshold of 70.
MACD (4.16): Positive and rising, confirming bullish momentum and trend continuation.
Volume: Current volume (68.65L) is significantly above the 1-week average (46.26L), showing strong participation and supporting the breakout move.
๐ Volatility & Bands
Bollinger Bands: Price is near the upper band, signaling strength. A breakout above โน295 with volume would confirm further upside.
๐ Support & Resistance Zones
Type Price Zone (โน) Notes
Support 275 โ 285 Near 50-DMA and recent pullback zone
Resistance 295 โ 305 52-week high and psychological barrier
Breakout Zone 310+ Above this, next target is โน330 โ โน350
๐ฏ Entry & Exit Strategy
Optimal Entry: โน275 โ โน285 (on dips with bullish confirmation)
Exit Zone: โน295 โ โน310 (partial profit booking); โน330+ (final resistance)
Stop Loss: โน265 (below 50-DMA)
๐ Summary
Trend: Trending upward
Momentum: Strong bullish signals from RSI and MACD
Volume: Surging, confirming breakout strength
Outlook: Positive; watch for sustained move above โน295 with volume for next leg up
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