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Anil09
Jan 17, 2020 1:34 PM

Birla Corporation Ltd- Update (1) Long

BIRLA CORPNSE

Description

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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