BIRLA SOFT BREAKOUT, TRADING NEAR ITS ALL TIME HIGH, SWING LONG
Updated
Birla soft broke its narrow range (by making symmetric triangle) and its long term (2 yrs) resistance (174) in previous day session with good volume, this is its second attempt to break this level. Its a good and safe buy above 188 if sustained for new highs WSL 175.
If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.
If retraces back to 176-174 and makes a good bullish candle then its the best scenario to buy this counter.
Trade active
Added at 183, TSL at 185. will keep moving slowly
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.