ABCAPITAL

Bullish Reversal seen in Aditya Birla Capital: Eyes on ₹203 Resistance

Aditya Birla Capital is showing a strong recovery from its recent downtrend, currently trading at ₹190.10 after a 2.57% gain. The stock has successfully broken above its 21 EMA (₹180.17), 100 EMA (₹179.91), and now the 200 EMA (₹187.79), which is a significant bullish signal indicating a potential trend reversal. Volume has supported this move, with increasing interest seen in the recent sessions. The price is currently testing the resistance zone near ₹190–₹192; a successful breakout above this could push it toward the next key resistance at ₹202.79. On the downside, the EMAs now form a strong confluence support zone around ₹179–₹182, which if breached, may invite short-term weakness. The chart structure suggests bullish momentum building, but traders should watch for confirmation through a sustained move above ₹202.79 on strong volume. Disclaimer:- This analysis is intended solely for educational purposes. Please conduct your own research and consult a qualified financial advisor before making any investment decisions.