Weekly Chart Analysis on

ABFRL

Over the past three weeks,

ABFRL has shown consistent buying momentum, indicating that the stock has likely entered a correction-to-recovery phase. In the current week, the stock opened at ₹77.75, made a low of ₹76.45, a high of ₹86.50, and finally closed at ₹85.90, reflecting strong buying from lower levels. On the daily chart, the stock is trading within the range of its 14-day and 55-day EMAs, suggesting consolidation before a potential breakout. The overall structure looks positive, supported by the sustained accumulation seen at lower levels. From a short-term perspective, the stock is holding the ₹75 support zone strongly, which can be considered as a stop-loss for fresh positions. If buying continues, the stock has the potential to move towards ₹100 levels in the near term. From a medium-to-long-term view, if the stock sustains above these breakout zones and maintains its momentum, levels of ₹120–125 could be achievable over the next few months. Overall View ABFRL is showing encouraging signs of recovery, supported by solid consolidation, technical structure, and renewed investor interest. While near-term traders could capitalize on momentum with stop-loss near ₹75, medium-to-long-term investors may benefit from broader thematic tailwinds—especially post the Q2 earnings outcome in November.