BIRLACABLE - DAY CHART TURNAROUND SOON...NSE:BIRLACABLE CHART ANALYSIS 🧐
Time frame - Day chart
🔹Trend: Correction Downtrend is in effect with low volume fall.
🔹 The last swing low made is insignificant and formed a double bottom structure, with a small RSI divergence.
🔹View: Breakout of a trendline and horizontal range around 263+ can trigger a change in trend, from down to fresh up trend.
Promoter holding is increasing cause it had a slow correction phase for a while now and it hit the major trendline support zone so that will be a high probability setup for a potential up move.
🟢Entry: 30 min close above 263+
♦️Risk:- 230 on weekly candle closing below.
🎯Targets :- 290,350+
Use position sizing and follow your money management rules too.
Detailed analysis on chart, Study it and mark levels on your chart.
BIRLACABLE
Birlacable potential upside candidatePrice retraced back to 61.8% fib from highs & holding nicely above 30 week ema.
Quart. result date is near, if numbers are good it can be a good potential upside candidate.
Disclaimer: Not Sebi Registered. Chart shared only for edu. purpose, Not a Buy/Sell recommendation.
Birla Cable Limited - Long Setup, Move is ON...#BIRLACABLE trading above Resistance of 355
Next Resistance is at 560
Support is at 229
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Birla Cable Limited - Long Setup, Move is ON...#BIRLACABLE trading above Resistance of 229
Next Resistance is at 355
Support is at 151
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Birla Cable has bullish connection!Birla Cable is showing strength with closing above important hurdle 162.
NOW
176 was Panic Sell Level which act as resistance, but If it will break and close above it for at least 3 days then it will become support for Birla Cable, And It may test 250 plus levels as per current triangle pattern target.
We will watch for Risk management 145 Level as Stop Loss.
SO, Risk to Reward ratio is favorable.
Risk is yours and Reward is too yours totally.
Time Frame : 80-110 days approximately.
Birla Cable Limited - Long Setup, Move is ON...#BIRLACABLE trading above Resistance of 185
Next Resistance is at 229
Support is at 136
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BIRLACABLE - Ichimoku Bullish Breakout Stock Name - Birla Cable Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 145
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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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
Breakout in Birla Cable...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 achieved in Birla Cable. Gain of 27% Target 2 is ON...This is follow-up on Birla Cable. Can check link to related ideas.
Target 1 achieved. Gain of more than 27%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.