Birla Cable has bullish connection!
Updated
Birla Cable is showing strength with closing above important hurdle 162.
NOW
176 was Panic Sell Level which act as resistance, but If it will break and close above it for at least 3 days then it will become support for Birla Cable, And It may test 250 plus levels as per current triangle pattern target.
We will watch for Risk management 145 Level as Stop Loss.
SO, Risk to Reward ratio is favorable.
Risk is yours and Reward is too yours totally.
Time Frame : 80-110 days approximately.
NOW
176 was Panic Sell Level which act as resistance, but If it will break and close above it for at least 3 days then it will become support for Birla Cable, And It may test 250 plus levels as per current triangle pattern target.
We will watch for Risk management 145 Level as Stop Loss.
SO, Risk to Reward ratio is favorable.
Risk is yours and Reward is too yours totally.
Time Frame : 80-110 days approximately.
Note
Hold with 162 Trail SLNote
today high 249. Enjoy profit.Trade closed: target reached
250+ Target done.
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