Birla corporation's stock price is near the supply zone. If the price falls from here, go long at the demand zone and if the price manages to break the supply zone, go for a momentum trade position.
The bullish bat pattern sets the demand zone and below this demand zone, a huge fall could come. Below the demand zone, the downtrend will be confirmed because it has already broken the trendline.
The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
The bullish bat pattern sets the demand zone and below this demand zone, a huge fall could come. Below the demand zone, the downtrend will be confirmed because it has already broken the trendline.
The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Trade closed: target reached:
Beyond the targets! Keep trailing