In the previous session, the market witnessed volatility throughout the day. Nifty index opened on a positive note but soon slipped into negative territory. Later, we saw some recovery from lower levels. The Index formed a Doji Candle on the daily chart and closed with a net gain of 13 points. Traders should be focused on Sector and stock specific strategy for the next trading day.

Look at the below research report of ‘Stocks to Buy for Friday, March 17,2023‘ before the market opens.

Aditya Birla Capital Ltd

The pattern analysis shows that the AB CAPITAL has once again attempted to resume its up move and closed above the 20 EMA support with positive momentum. Stock took a exact support of falling trendline on the daily chart. Stock formed a Strong Bullish candle on the chart and closed with a net gain of 1.92%. In addition, The Relative Strength Index (RSI) on the daily chart is 51 and it is moving above previous high.

The short-term trend for ABCAPIAL looks to be positive for now. Positions can be created around current levels, which can take prices towards 151/156 levels. As far as we do not see any closing below 140 on the lower side. As the market looks to be volatile, use a trailing stop loss method to protect your profit.

Check More Analysis on ABCAPITAL at: Aditya Birla Capital Ltd