35% plus return opportunity in BIRLACORP in Short TermIt reached an ATH of 1802 on 27th Feb'24 and faced a correction of nearly 24%.
It tried moving upwards from 2nd May onwards, but faced profit booking at 1682 levels even after announcing outstanding results.
Thus it is expected that the stock will revisit its last high of 1802 and may achieve a new high of 1944 in the process.
Upside potential: 35% (Short to medium Term)
BIRLACORPN
BIRLACORPN | Swing Trade📊 DETAILS
Sector: Diversified
Mkt Cap: 9,895 cr
Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry.
TTM PE : 258.55 (High PE)
Sector PE : 48.06
Beta : 0.97
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
4.64% away from 52 week high
Outperformer - Birla Corporation down by -0.59% v/s NIFTY 50 down by -1.96% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
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.
BIRLACORPNBIRLACORPN:- Symmetrical triangle pattern is formed, you can plan something on the side which gets breakout, till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BIRLACORPN - Ichimoku Bullish Breakout Stock Name - Birla Corporation 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 1124
#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.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
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.
BIRLACORPN Trend Analysis BIRLACORPN Trend Analysis
1.flug pattern fomred and breakout done...
2.once here mention inverted head and sholder form price move completed
3. now rising wedge pattern price movementum going ......
4. wait to mentioned 2 confirmation after u can buy entry and expect target level