ALLIED BLENDERS & DISTILLERS LTD. Showing a strong bullish
ABDL
Allied Blenders & Distillers is showing a strong bullish recovery on the daily chart. The stock has bounced sharply from the ₹580–₹600 zone with strong volume and reclaimed key resistance levels. CMP is around ₹711.
Technical View: Price is holding above ₹670–₹680, while RSI near 61 supports positive momentum. Immediate resistance is at ₹712–₹754. A breakout above ₹754 with volume can strengthen the trend.
Key Levels:
🔹 Support: ₹670–₹680 / ₹645
🔹 Major Support: ₹628 / ₹586
🔹 Resistance: ₹712–₹754
🔹 Targets: ₹795 / ₹837+
Bullish View: Sustaining above ₹712 and breaking ₹754 may lead towards ₹795 and ₹837+.
Risk: Below ₹670, the bullish setup may weaken.
Trading View: Bullish structure with positive momentum; ₹754 breakout remains key.
For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊