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Vivek kumar

2 hours ago · SEBI Registration INH000021915

Allied Blenders breaks above ₹673 resistance

Allied Blenders breaks above ₹673 resistance Allied Blenders & Distillers Limited (NSE: ABDL) is trading around ₹712 after breaking above the ₹673 second-resistance level. The stock is up sharply today, with the latest technical screen showing an 8.50% gain. The breakout has pushed price above the ₹673 technical resistance, while volume has also increased. The current pivot structure places ₹656.05 at the pivot, ₹664.70 at first resistance and ₹689.95 at third resistance. Why it matters ₹673 was the second-resistance reference in today's technical screen. Holding above this area would keep the breakout structure intact. A move back below it would indicate that the breakout needs further confirmation. My view My view is that the ₹673-₹690 region is the important zone to monitor. The stock has moved quickly today, so follow-through and price stability are more important than the initial spike.

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