Aditya Birla Nuvo is one of the major company of Aditya Birla Group, listed on 13 September 1995 on NSE. this company has given serious returns to the investors in long term. When we talk about technical analysis we see that the stock has given a positive breakout above the 900 levels, when we look at the charts we see that the stock has been making the series of higher high and higher lows suggesting the strong uptrend. So taking the advantage of this uptrend we will be only looking for buying opportunities as long as the price action is above the 820 level on daily chart. Also we see there lies a strong resistance at 956 level, so we will only enter buy above the 956 level for short term (6 to 11 months) targets as 1425 and 1670 levels. Investors must protect their portfolio by placing their stop loss below the 810 level.
About Bhaveek PatelBhaveek Patel is technical analyst and investor, his areas of interest includes stock market, forex and gold.
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