Buy Aditya Birla Fashion and Retail Ltd For TGT 282. - Religare Broking
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Derivative Ideas
ABFRL gained 2.84% and closed at 271.7 on 16th May. The stock has been trading with corrective bias in recent times. Now after finding the trend line support at its important zone of 245-250, the stock witnessed a good bounce. Trading above its long term MAs with Fresh Longs added in its FUTS, we believe the stock is poised to see higher levels. We thus suggest creating Longs within the recommended levels.
Strategy:- BUY ABFRL @ 267-269, SLOSS AT 258, TRGT 282.
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