Stock is in Uptrend, made a Strong Higher High and now falling back to the Breakout point, wait for the Price-action to Happen for a Proper Entry.
Maintain proper #Stoploss.
#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...
#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...
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,...
#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...
#BirlaCable is showing a good 10 weeks consolidation and BO with good volume. CMP 191 can be added with 180 as SL on closing basis for 225. Above 230 closing will open a new price movement.
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...
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...
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.
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....
