Contra bullish confirmation Buy around 1220-1240 levels, breakout from big consolidation levels target 1440/1530/1610. Movement will continue as good buying pressure seen from 1000 levels.
BIRLACORPN trade ideas
Resistance breakout resistance bo is visible on chart looking good for long
only for education purpose
not recommdation
BIRLACORPN pullback swing tradeKey Points
- Upward movement with higher volume
- Up trending stock
- Trading near 52W high zone
- RS positive, momentum is positive
- Trading on support
- Favorable R:R
- Pullback may come soon
BIRLACORP: Flag BO on WTF for 15 to 18% TGT an MoreHi,
A bullish Flag and Pole of NSE:BIRLACORPN on Daily chart is emerged with good volume.
Long position can be created in the scrip as per the price levels mentioned on the chart.
If you agree with the idea then hit the plane icon and don't forget to follow me to all the latest updates.
The Risk Reqard Ration is 1:3 or more.
Exit the position if the stop loss is triggered on WCB.
I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BIRLA CORP - 75% RETURNS!!!BUY - BIRLA CORPORATION
CMP - Rs. 921
Target - 1: Rs. 1239
Target - 2: Rs. 1454
Target - 3: Rs. 1615
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Comment: Target - 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern - Anti-Crab
2) Targets set using Fibonacci Retracement.
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Birla corp head and sholder pattern #BIRLACORPN
#Birla corp
head and sholder pattern
sell formation
selling pressure till 1139
buying level 938 best , 1002 to 1035
BIRLACORPNBuy: Next open price
Sell: Will review every weekend and update here
Stop Loss: No need. Will review every weekend
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.
Birla Corp : BreakoutBirla Corp :
Nice Breakout observed (cup &Handle too!)
Need to sustain 1130 with support at 1070 and 1030
Double bottomThe scrip display double bottom bullish trend on the W timeframe, the closing on the weekly charts also break the structure which was originally a downtrend consisting of lower highs.
Entry looks to be promising with a long term target.
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.
Birla Corp - Looks Good!The Birla corp daily chart analysis for reference only.
The chart is self explanatory all levels marked for reference.
Also note this reference is supported by backtesting for previous years.
Have no personal exposure.
Conclusion:
The price is in bullish Trend.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Symmetrical Triangle BO- Symmetrical Triangle BO
- Big volume
- Trading above key EMAs
- Bullish RSI
Swing trading idea on Birlacorp I daily make educational content videos for swing / positional trading
Birla corpWaiting for breakout with increasing FII buying, BIRLA CORP can either breakout or act as resistance at this level. Keep watching
Birla Corp gave Rounding bottom breakout with good volumeBirla Corp has given rounding bottom breakout with good volume. It will be good buy between 940 to 975 for short term.
LONG on BIRLACORP for Long term - triangle breakoutBIRLACORP 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 portfolio.
Expected to gain market share from Govt's Infra projects and connectivity projects in Central and Eastern region.
Revenue is increasing QoQ but due to increase in RM prices profit is impacted. Any ease of RM prices will reflect in profitability.
Trend Reversal with Rsi divergence Stock is under downtrend and now at a very key level along with Rsi divergence hence here we are looking for Possible reversal after a downfall.
Positional or Longterm Opportunity in Birla CorpGo Long above 1016.15 for Targets of 1209.3, 1402.45, and 1595.6 with SL 823
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
birlacorpstock is showing good support following the trendline.
and break the resistance by good volume
add stock to watchlist any retrachement can be seen as buying opportunity.
all levels are mentioned on the chart
