Price Analysis & Overview:
1. Price moving from demand zone.
2. EMA support is taken.
3. Double bottom type formation can be seen.
4. A strong trendline breakout will be expected.
5. Earnings are good.
Trade Plan:
1. RRR is favourable.
2. ENTRY = CMP around 1588
3. SL = 7-8%
4. TP = 30-40%
- Stay tuned for further insights, updates and trade safely!
- These...
Birla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators.
Reasons are listed below :
After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment.
The breach of a consolidation area spanning over two years indicates a decisive move in...
BIRLACORP corrected by almost 29% from its 52W high of 1156.55 and took support at the lower side of the triangle formed as seen on daily chart. The scrip has already given a breakout from traingular pattern, but large candles are yet to be seen.
Recommendation: An Entry above 933(close)
Fundamentals:
ICICI MF holds 4.52% and HDFC MF holds 1.1% of their...
NSE:BIRLACABLE has given a Breakout of the previous two-month consolidation price with a high volume, BIRLA CORP Looks Bullish for Short Term on Daily Charts and we expect to see Rs . 1110 - 1120 levels in the coming next 10 - 15 Trading day
Stoploss placed below @ Rs. 952
NSE:BIRLACABLE
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...
1)Breakout followed by consolidation can be seen.
2)Consolidation happening which is setting up the job nicely for another breakout.
3)Momentum indicators are in support.
Worth keeping an eye!!
In this Birla Corp. stock we have witnessed multiple breakouts in bullish trend for almost now a year.
This trend line is now a major support.
These are the multiple points where an investor or trader can take entry
and can efficiently plan a strategy and do money management.
And price action makes analysis simple and easy to understand and is least...
Above 932 can give good move up. Targets at 1065.
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This is follow-up on Birla Corporation. Can check link to related ideas.
Target 2 achieved. More than 57%. Target 3 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.
