BIRLA CORPORATION LTD (BIRLACORPN) Can give 10 - 15% in 4 weeks.

By kumarmadhavan
Birla corporation has been swinging to give 10 - 15% profits. The stock also has shown a bearish divergence in the weekly chart on 1st and 2nd week of July and dropped from 1648 to 1218 from July to now.
In the daily chart the stock has shown buy opportunity on 13th August when the RSI has gone below 30 with a MACD Hist slope showing positive sign of bulls gaining momentum.

Buy the stock below 1300 and sell it 1430 giving a profits of 10%. Stop loss at 1200.
Harmonic PatternsTechnical IndicatorsTrend Analysis

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