Positional Setup for ABSLAMC (Aditya Birla Sun Life AMC)

Positional Setup for ABSLAMC (Aditya Birla Sun Life AMC)
Current Price: ₹815.05

Resistance Levels: ₹860.05 → ₹901.40

Support Level: ₹786.20

Indicators: 5-9-20 EMA TEMA & Supertrend (Buy)

Breakout Observed: Strong upward move post consolidation

Volume Confirmation: Needed (check OBV or breakout candle volume)

📈 Technical View (Positional)
The stock has broken out of a resistance zone with strong momentum.

Currently trading above major EMAs and Supertrend in Buy mode.

If it sustains above ₹786–790, the next target zones are:

🎯 ₹860 (minor resistance)

🎯 ₹900–910 (major resistance zone / swing high)

Keep a positional SL below ₹760 for swing traders.