trading inside the parallel channel
Target : 1500/1700
SL : 1280 (closing basis)
Reason : Birla Corporation plans to nearly double cement production capacity by 2027. poised to touch the upper line of parallel channel.
BIRLACORPN trade ideas
good risk free returns very good stock
not overvalued
rises constantly
fundamentally very sound
and birla is known by many
good for long term too
2 reasons to buy BIRLA CORP || Confluence Trade1) Bullish candle on Uptrend support
2) Breakout-retest-continuation pattern i.e the previous resistance is now acting as support which can be seen from bullish candle.
It's a perfect confluence trade! A trade where multiple reasons are indicating a buy. Chances of success in this type of trade are more.
Can be bought for a target of 1500. CMP-1377. SL will be 1310 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
BIRLACORP waiting for a pullbackBirlacorp has been on good run.
Gave nice breakout after many years.
Waiting for pullback to add more.
Good entry will be from 1360 till 1260.
Multiple Breakouts in UptrendIn 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 complicated.
The more simplistic the analysis is for yourself and more effectively and efficiently one can take actions in entry point for investment decision or trading position.
And the money flow index helps me to understand the strength in breakouts and breakdowns and volumes too.
This post is for to show you how without making things complicated you can analyze and earn money.
But remember just seeing breakouts/breakdowns one should not enter.
Multiple confirmation are must, like candlestick patterns, fibo retracement, price action patterns, etc.
This post is for information purpose only.
STOCK FOR THREE DAYS BIRLA CORPORATIONGood afternoon Friends
Today we are going to talk about BIRLA CORP. The level to watch iS 1370 till the time it is above the level bullish it is Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
Thank you and Regards.
BIRLACORPN BIRLACORPN (D) :- 1414 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Breakout
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
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
BUY BIRLA CORPAccording to chart anylasis symmetrical triangle pattern breakout and also trade above 10 day ema so we can buy further move. Good for buying.
Buy @cmp or 1230 above.
Target : 1245, 1260, 1300++
Birlacorp - Pole & Pennant FormationBirlacorp is forming a Pole & Pennant Bullish pattern. A break above the formation may get the price to go to an ATH range.
BirlaCorpn | Upmove IncomingAbove 932 can give good move up. Targets at 1065.
If you like my analysis, check out my other charts by clicking the links below. Feedback is always welcome.
Thank you:))
BIRLA CORPORATION , breaking resistance for upside 1014 and 1244birla corporation has broken a resistance in weekly, for a move towards shrt trm trgt 1014, beyond which after some pause should be moving towards 1244..
