What is Nifty Financial Sector?

The Nifty Financial Services Index is designed to reflect the behavior and performance of the Indian financial market, including banks, financial institutions, housing finance, insurance companies, and other financial services companies.

Strength Analysis Summary:

Looking at different time intervals, Financial services stocks make their space in the top 5 sectors. It shows its better strength. From a strategic index perspective, Midcap stocks are doing well.

Nifty Financial Index

The index is taking support at the role reversal level followed by the green candle which shows buying presence. The stock has taken out an immediate hurdle on the daily chart indicating a bullish continuation sign.

About ABCAPITAL Stock:

Aditya Birla Capital Limited, the holding company for the financial services businesses of the Aditya Birla Group, is a universal financial solutions group catering to the diverse financial needs of its customers across their life stages.

ABCAPITAL Weekly Chart

Looking at this financial service stock within a midcap domain, ABCAPITAL has formed a decent technical setup. The stock has moved out of the 91-week consolidation zone and breached the previous hurdle. The stock took support at the role reversal level post-breakout with an upside follow-up sign. It indicates a bullish continuation.