BIRLAMONEY:- The stock has given a breakout after 5 years, and has also formed a cup and handle pattern.
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rest details mentioned in the chart.
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reviewing NSE:BIRLAMONEY
chart posted on 14th Oct 2023 when the price was 62
After that, it reached a peak of 125
gained twice as much as projected thus far
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is...
Coming out of 115Weeks base and 53% range it went straight up to the supply zone (71-80) and closed for 2 consecutive weeks. Now this shall act as a support . If it manages to close and sustain below it than our view shall get invalid.
If it base out here for a few weeks between 88-98 and continue its journey to the north than it can test 128 - 165 - 170...
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.
BIRLA MONEY
NSE:BIRLAMONEY
Cmp - 63
Stop - Nil, Add more on relevant dips
Expectation -
T1 -90
T2 - Open, Review at 90
Expected Holding Period - 3 months or earlier for T1
Technicals - ✅, right
Fundamentals - ✅, will follow price
View:- Swing/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your...
NSE:BIRLAMONEY
Cup & Handle BO at 52
Corona Top BO & End of 2 yr Consolidation
Upside Potential : 90%
CMP : 53
Buy : 55-46
TGT : 70 - 81 - 98
SL : 42
Trading Above Long Term Weekly Avgs >> Bullish Signal
Heavy Accumulation
The price was moving in a Descending channel which breached DOWN 50 EMA and TESTED support at 100 EMA (like always) and re-breached UPWARD 50 EMA and took support on it . There's High Probability to achieve Target 1 . One cannot deny the possibility of achieving Target 2 (but with lesser probability). The price looks strong overall ,as on higher TF the trend is...
