Stock analysis ADITYA BIRLA FASHION & RT ABFRL

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Moving Averages for ADITYA BIRLA FASHION & RT

5Day Average: 252.15
12Day Average: 241.89
20Day Average: 233.93
50Day Average: 227.48
100Day Average: 230.82
150Day Average: 226.89
200Day Average: 224.56

ABFRL Indicators & signals

Indicator MACD (12,26,9)

244.14, 235.11, 5.29
Indicator MACD is in positive zone

Indicator ADX (14)

56.47, 39.3, 10.93
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ABFRL ADITYA BIRLA FASHION & RT are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
25 Thu Apr 2024	265.00	258.15 to 268.45	1.94%	1.51 times
24 Wed Apr 2024	259.95	258.90 to 272.90	-1.35%	2.01 times
23 Tue Apr 2024	263.50	237.05 to 273.20	9.45%	4.22 times
22 Mon Apr 2024	240.75	232.00 to 243.45	3.97%	1.16 times
19 Fri Apr 2024	231.55	225.50 to 232.45	0.78%	0.23 times
18 Thu Apr 2024	229.75	229.05 to 237.50	-1.54%	0.3 times
16 Tue Apr 2024	233.35	226.55 to 235.50	1.48%	0.41 times
15 Mon Apr 2024	229.95	226.40 to 232.75	-1.71%	0.4 times
12 Fri Apr 2024	233.95	233.00 to 240.40	-1.8%	0.46 times
10 Wed Apr 2024	238.25	234.70 to 243.00	0.4%	0.47 times
09 Tue Apr 2024	237.30	235.00 to 240.50	-0.88%	0.35 times
08 Mon Apr 2024	239.40	236.00 to 244.50	0.86%	0.79 times

Technical analysis forecast of ADITYA BIRLA FASHION & RT Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in ADITYA BIRLA FASHION & RT ABFRL at this time. Stock is rising and might rise more.

It appears as if ADITYA BIRLA FASHION & RT ABFRL gave a large move recently.

Stock of ADITYA BIRLA FASHION & RT (ABFRL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of ADITYA BIRLA FASHION & RT is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if ADITYA BIRLA FASHION & RT stays above 254.5, but if it comes below 254.5, then a intra day sell could be more profitable.
If you take a sell trade below 254.5, then use 254.5 as stoploss and 237.78 as target. However if you take a buy trade in ADITYA BIRLA FASHION & RT, then use 254.5 as stoploss and 274.5 as target.

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