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Aditya Birla Capital Ltd

* ABCAPITAL is swiftly rebounded after retesting its support zone of medium term moving averages i.e. 100 EMA on the daily chart.

* It has completed the formation of a fresh buying pivot and looks set to resume the uptrend.

* The recent traction in the financials combined with the chart structure is pointing towards a strong surge ahead.

* We thus suggest initiating fresh longs as per the given levels.

Technical Chart : Daily

BUY Aditya Birla Capital Ltd CMP: 147.50 Range: 144-146 SL: 142 Target: 154

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