Aditya Birla Capital: Short-Term Pullback, Long-Term ๐ in Sight!
ABCAPITAL
Aditya Birla Capital Ltd. (NSE: ABCAPITAL) is showing a textbook Cup & Handle breakout on the weekly chart. The long-term structure is ๐ฅ but a short-term breather looks likely.
โก๏ธ Quick Highlights:
๐ Immediate Resistance: โน286.20 โ upper channel zone
๐ RSI Overbought: Near 79 โ minor pullback expected
๐ Volume Surge: Breakout from โน250 confirmed with strong volume
โ Cup & Handle Breakout: Long-term bullish structure targeting โน455โโน460 ๐
๐ฏ Action Plan:
Short-Term:
Possible pullback toward โน250โโน240 โ a great dip-buying zone.
Long-Term:
Bullish journey toward โน450+ remains the big picture target.
Structure stays valid above โน238.90.
๐ฌ Pullback or Launchpad? Whatโs Your Move?
Buying the dip or booking profits? Letโs discuss ๐
๐ข Disclaimer: Informational purpose only. No buy/sell recommendation.
๐งโ๐ผ Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332).
๐ Investments are subject to market risks.