Aditya Birla Fashion and Retail Ltd (ABFRL)
ABFRL is in a primary downtrend, consistently forming lower highs and lower lows.
Despite a recent green candle (+1.86%), the overall structure remains weak as it trades well below its previous peaks.
Immediate Resistance: Positioned at 78.50, coinciding with the red moving average.
Major High: The significant resistance level is at 86.11.
Critical Support: The recent low of 72.60 is the final support; breaking this could lead to a fresh round of selling.
Any bounce toward the 79–80 zone is likely to face selling pressure unless there is a breakout with high volume.
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