RiderTrader

ABFRL - Breaking out

RiderTrader Updated   
NSE:ABFRL   ADITYA BIRLA FASH

Broke out on 13th August with a good candle and volume.
There is a wick on top. But it is less than 20% of body height.
Closure was near Pivot.

Awaiting for next candle for confirmation
A full body candle with a short tail which could indicate uptrend

Buy above 130.25. But due to long candle in day need to cross 13 August high.

1st Target 146.45 .

If broken , possibility to move to next target as it is a pivot
2nd Target 167.50

RSI and Stochastic are moving as per rules

Share buy date was today 17/08/2020 as it went above August 13 Candle
Comment:
Target 146 done

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