Anil09

Birla Corporation Ltd- Update (1)

Long
NSE:BIRLACORPN   BIRLA CORP
As seen in the weekly, price gave a breakout from an Inverse Head & shoulder formation, along with downwards sloping trend line .
Price sustained the breakout & also 38.2% Fibonacci retracement .
Upon its weekly close, expect some dip before resuming its bullish bias.

After achieving its initial target of 755, an immediate levels of 850/940 as the next targets.
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