Aditya Birla Capital Ltd (ABCAPITAL) based on the chart you provided (30-minute timeframe):
📊 Technical View Summary
🔹 Current Market Price (CMP): ₹248.94
🔹 Trend: Sideways-to-Bullish within a consolidation range
🔹 Chart Pattern: Range-bound with breakout attempt
📈 Support and Resistance Levels
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Immediate Resistance: ₹251.65 (Fibonacci 0.5 level)
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Major Resistance Zone: ₹255.30 (Fibonacci 0.618 level and top of red resistance box)
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Immediate Support: ₹245 (flat base of consolidation and 50 EMA zone)
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Major Support: ₹236.32 (Fibonacci 0 level – low of the recent swing)
🎯 Target Levels
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Short-term Target (1–3 days):
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₹251.65 → First resistance (Fibonacci 0.5 level)
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₹255.30 → Strong resistance (Fibonacci 0.618 level) — ideal breakout target
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Medium-term Target (1–2 weeks):
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If the price breaks above ₹255.30 with volume, next possible targets could be:
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₹262–₹265 based on projected move from breakout (measured move from range)
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🛑 Stop Loss Levels
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Conservative Stop Loss: ₹245 (just below the 50 EMA and consolidation support)
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Aggressive Stop Loss: ₹236.32 (recent swing low and Fibonacci 0 level)
📉 RSI Analysis
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RSI (not visible on chart):
Assuming based on price behavior and volume — RSI would be near 60–65 (bullish but not overbought). This shows momentum is building, and if it crosses 70 with breakout above ₹255, strong bullish continuation can follow.
⏳ View by Timeframe
| Term | View | Notes |
|---|---|---|
| Short Term (1–3 days) | Bullish Bias | Watch for breakout above ₹251–₹255 zone |
| Medium Term (1–2 weeks) | Bullish if breakout confirms | Target ₹262–₹265 |
| Long Term (2+ weeks) | Neutral to Bullish | Needs to sustain above ₹255 for trend continuation |
✅ Strategy Suggestion
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Buy Entry Zone: ₹247–₹249
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Target: ₹251.65 / ₹255.30 / ₹262
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Stop Loss: ₹245 (tight) or ₹236.32 (safe)
📌 Confirmation needed: Watch for volume spike and RSI above 70 to confirm breakout above ₹255.
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