ABDL (Daily Timeframe) - Can it continue the uptrend ??
ABDL is in a confirmed uptrend, having rallied over 90% since its April 2025 lows. The stock is now consolidating within a bullish triangle pattern, which typically signals a continuation of the prior trend.
This bullish outlook is supported by several key factors:
If the breakout from the triangle is sustained, the next potential price target is the ₹614 level.
This bullish outlook is supported by several key factors:
- Today's significant price surge was accompanied by a massive spike in volume, confirming strong buyer interest and a potential breakout.
- The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, indicating strong underlying momentum.
If the breakout from the triangle is sustained, the next potential price target is the ₹614 level.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.