ABFRL | Near a strong support | Latest stock market news
(3 minutes read)

Stock name: ABFRL

Pattern: Near a strong support

Time frame: Daily

Observation:
In the recent days, the stock is showing good volumes support and is also standing near a good support as marked in the image below. As per technical analysis, if a stock holds a support level, then it can bounce from there and can witness a temporary pullback or a trend reversal.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Sebi has proposed enhanced disclosure requirements for high-risk FPIs, mandating full identification of ownership, economic interest and control rights. With the proposed norms, the regulator wants to identify ownership details down to the level of natural persons, public retail funds or large listed corporates, without applying any materiality thresholds.

2) Ola S1 e-scooter prices hiked by a massive Rs. 30,000

3) Adani Ports & Special Economic Zone Ltd.’s auditor said insufficient disclosures over certain transactions means it can only issue a qualified opinion on the company’s accounts.