The stock has broken out on the weekly chart and it looks poised for a good run up. As the stock has already moved a lot today one can look to enter at dips between 100-105 and aggressive buyers can look to enter at CMP for targets of 128-142-162 on a positional basis with a stop loss below 90 on a weekly closing basis.
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN...
BIRLAMONEY:- The stock has given a breakout after 5 years, and has also formed a cup and handle pattern.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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...
NSE:BIRLAMONEY is following a range(nearly 4 months old), currently trading almost at bottom. If we go with history, after 2020 this stock always (almost always- more than 80% time) sky rocketed before their quarter earnings. Now, if we look at this range from bottoms to tops it took 21-22 days and this time IF we assume it will reach the top in 21 or 22 days, it...
BIRLA MONEY:
Stock gave multi-year breakout. Can we expect a move on the upside by analysing the past movement of the stock? Also, have a look on the volume profile.
#Breakout stock of the day
BIRLAMONEY
+ Continuation pattern BO
+ Volume and Volatility Contraction
+ BO Validated with Volume
+ Trading above Key EMAs
+ Strong Relative Strength
The stock has formed a cup and handle pattern and a series of pattern are formed under it. the stock can give returns upto 75% in no time . also the volume seen is showing great strength
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...
should perform well above 70 levels.
I believe this stock will give better returns in the upcoming months.
cmp is 61.80
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
Birla money-
ready to breakout of 6 years cup pattern & made 52 WEEK high & with huge volume today. RSI & RS are bullish on chart.
Buy above 106
Sl 88
Tgt 130-160-200
It's an education purpose & not recommended for buy or sell..
On previous post of AB Money I mentioned the advantage of early entry, and by that I meant this. Today the 5 year long Cup and Handle pattern formed in AB Money(Finally) and now can be the good time to take entry in the stock.
Pros. -
1. Nice pattern
2. Not magnificent but good volume
3. Other indicators are bullish
Cons. -
1. Overbought as per...
Aditya Birla Money is near to the resistance of 6 year long Cup and Handle. Now there can be a great opportunity to enter the stock. Early entry can give huge profits. Only prediction. No Financial Advice. Always do your own research. Enjoy.
Aditya Birla money Breakout of falling trendline and one importanat thing i marked on chart inverted hammer + bullish candle combination setup whenever or wat ever the time frame u found just take position with low as SL it is a big hit combo..
BUY - ADITYA BIRLA MONEY
CMP - Rs. 69
Target - 1: Rs. 89
Target - 2: Rs. 121
Target - 3: Rs. 156
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Timeframe - 6 months - 1.5 years
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Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
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Birlamoney
Entry Above 68
Sl 65 (D.C.B)
Tgt 72.5-75.5
Disclaimer : This is not any kind of buy or sell recommendation.This is only educational purposes.
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