TradingWithRahul

2 reasons to buy BIRLA CORP || Confluence Trade

Long
NSE:BIRLACORPN   BIRLA CORP
1) Bullish candle on Uptrend support
2) Breakout-retest-continuation pattern i.e the previous resistance is now acting as support which can be seen from bullish candle.
It's a perfect confluence trade! A trade where multiple reasons are indicating a buy. Chances of success in this type of trade are more.
Can be bought for a target of 1500. CMP-1377. SL will be 1310 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.

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