stock 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
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
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...
HEY HI HUYS
i see birla corp breaking out from longawaited triangular pattern ,its good to take on long ,only if you see the analysis also,it is only educational purpose ,i am not a sebi registered of professional financier ,take risk management
Birla corporation looking good on weekly chart break falling resistance line and closed up, it is looking alike that perfectly bounced from its support zones or demand zones
Cause of long-:
1- Falling resistance line breakout
2- Bounced from demand zones
Reason for long
a) Trading little near to yesterday High
b) Bear volume in descending order and their bear candles too
c) Support firm pus good risk reward zone
Valid for 2 to 4 hour only
Good evening friends welcome keep the level of 1589 as make or break for the stock movement of 200+points is possible in two weeks. for detailed analysis kindly watch the video .
Regards.
