Breakout in Birla softNSE:BSOFT Good Buying Zone:
1: BIRLASOFT at current market price of 340
OR
2: If found near to 200MA @295-300
Stop Loss:
Put the SL between 295 or 300
Targets:
380/440/500/550+++++
Reasons to buy BIRLASOFT:
1: Good support from the bottom of @270
2: Double Bottom formation and breakout.
3: Long term trend line breakout.
4: trading above 200ma line.
5; Handsome RIO
.
Thanks,
Disclaimer: This idea is for Education purpose only, Kindly place your orders at your own RISK.
Birla
1D BIRLACORPN (BIRLA CORP)- Short Entry1. Nice Pinbar formed at Big Round Number 1000.00
2. EMA 365 acts as Resistance for that Pinbar.
3. Fibonacci Retracement at 61.8% level.
4. Watch that trendline which is also acts as resistance.
5. Take Profit and Stop Loss level clearly mentioned in the chart window.
BIRLA CABLE - SWING TRADE Birla cable is forming Ascending triangle pattern which is most profitable chart pattern but keep an eye on tradeline once it is broken, Heavy sell can occur in no time.
Trendline is the wall of Ascending triangle which should not be broken if you are positive about the upside move.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk!
&. Plan Your Trade & Trade The Plan!
Let Me know if you have any Questions or Comments Below!
Negative Or Insulting Comments Are Not Welcome
Financial by Tradingview
Valuation
Market Capitalization
3.897B
Enterprise Value (MRQ)
5.478B
Enterprise Value/EBITDA (TTM)
8.9670
Total Shares Outstanding (MRQ)
30M
Number of Employees
—
Number of Shareholders
37.164K
Price to Earnings Ratio (TTM)
17.9012
Price to Revenue Ratio (TTM)
0.7270
Price to Book (FY)
2.0867
Price to Sales (FY)
0.7270
Balance Sheet
Quick Ratio (MRQ)
1.1374
Current Ratio (MRQ)
1.6894
Debt to Equity Ratio (MRQ)
0.4421
Net Debt (MRQ)
785.608M
Total Debt (MRQ)
824.752M
Total Assets (MRQ)
3.46B
Operating Metrics
Return on Assets (TTM)
0.0655
Return on Equity (TTM)
0.1225
Return on Invested Capital (TTM)
0.1153
Revenue per Employee (TTM)
—
Price History
Average Volume (10 day)
129998.1000
1-Year Beta
1.1001
52 Week High
177.5500
52 Week Low
72.7500
Dividends
Dividends Paid (FY)
−30M
Dividend Yield Forward
1.1547
Dividends per Share (FY)
—
Margins
Net Margin (TTM)
0.0406
Gross Margin (TTM)
0.1562
Operating Margin (TTM)
0.0611
Pretax Margin (TTM)
0.0546
Income Statement
Basic EPS (FY)
7.2500
Basic EPS (TTM)
7.2481
EPS Diluted (FY)
7.2500
Net Income (FY)
217.371M
EBITDA (TTM)
434.592M
Gross Profit (MRQ)
283.817M
Gross Profit (FY)
836.347M
Last Year Revenue (FY)
5.354B
Total Revenue (FY)
5.354B
Free Cash Flow (TTM)
Regards,
Aqib Malik
Hindalco continues its falling trend.After reaching a high of 553, the scrip is in falling mode with more selling pressure. Presently it testing its previous support of 413 and the future of the scrip will be decided on the basis of fresh support with good volume at this support level for the uptrend. else further fall is expected up to 382.
BIRLA CORP PRICE ACTION ANALYSISBirla 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.
BIRLA SOFT BREAKOUT, TRADING NEAR ITS ALL TIME HIGH, SWING LONGBirla 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.