Aditya Birla Fashion & Retail Ltd

NSE :ABFRL   BSE :535755  Sector : Retail

About Company: Aditya Birla Fashion and Retail Limited is an Indian fashion retail company headquartered in Mumbai. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group

News in Stock: Aditya Birla Fashion and Retail: The company’s board has agreed to the raising of funds via issue of 4,000 unsecured rated, redeemable non-convertible debenture of face value of ₹10 lakh each on a private placement basis.

Daily Chart of ABFRL:

What’s Ahead? Technical Outlook of ABFRL:

Today on 30-Sept-2021, Thursday September series expiry day stock gained 6.35% and closed at 246.35. Looking at the technical setup on daily chart stock is trading in a channel pattern as plotted on the chart above. Comparative Relative Strength Index (CRS) shows outperformance in the stock compared with Nifty Index. Immediate support for the stock is seen at 240 and Resistance is at 260-262. Hence we suggest traders to buy stock at current level for the targets of 260, stop loss should be placed below 235 level on hourly closing basis.

Stock Analysis Made Simple

Analyse any stock yourself just in a few minutes.