Buy Aditya Birla Capital Ltd For Target Rs.175 - Religare Broking
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Aditya Birla Capital Ltd
* AB Capital experienced a prolonged corrective phase after listing in 2017, which finally ended in February 2021. It retraced from a listing high of 255 to a new record low at 37.35 during that period.
* After the trend reversal, it moved higher however profit taking around 140 capped the upside in subsequent months. And, it started trading in a broadening formation thereafter and witnessed a breakout from the same in November 2022.
* It looks set for a new leg of an up move, after the marginal retracement towards the neckline (breakout) area of the pattern. We thus recommend creating fresh longs in the given range.
Buy Aditya Birla Capital Ltd Target:175 Stop Loss:144 CMP: 153 Range: 153-154 Period : 1 Month
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