ABFRL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of Aditya Birla Fashion and Retail Ltd. (ABFRL)

📊 Trend Overview

Current Trend: The stock is in a short-term uptrend within a broader consolidation range. Price is approaching its 52-week high of ₹129, but recent volatility and weak fundamentals suggest caution.

Price Action: Trading at ₹89.9, above both the 50-DMA (₹81.9) and 200-DMA (₹87.3), indicating bullish momentum in the short term.

📈 Momentum Indicators

RSI (64.6): Bullish zone, nearing overbought territory. Suggests strong buying interest but caution above 70.

MACD (3.16): Positive crossover, confirming bullish momentum.

Volume: Current volume (59.1L) is significantly below the 1-week average (116.9L), indicating reduced participation despite price strength.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹91–₹93 with volume would confirm further upside.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 82 – 87 Near 50-DMA and 200-DMA zone

Resistance 91 – 95 Recent swing highs and upper Bollinger Band

Breakout Zone 100+ Above this, next target is ₹115 – ₹129

🎯 Entry & Exit Strategy

Optimal Entry: ₹85 – ₹88 (on dips with bullish confirmation)

Exit Zone: ₹95 – ₹100 (partial profit booking); ₹115+ (final resistance)

Stop Loss: ₹81 (below 50-DMA)

🔍 Summary

Trend: Trending upward short-term; broader trend still consolidating

Momentum: Bullish signals from RSI and MACD

Volume: Weak, needs confirmation for sustained breakout

Outlook: Positive bias; watch for breakout above ₹91 with volume for next leg up

Sources: TradingView Technicals, Stocks-Buy Forecast

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