BIRLAMONEY trade ideas
BirlaMoney: Overcame Supply zone ( W pattern trading)A parallel price action zone between 32 to 40.. Price rarely moved out of this zone & any move beyond the zone rejected sharply.
There are multiple attempts to cross the 40 but every time rejected violently.
Once price fell out of 32 support zone .. It corrected sharply following the bullish W pattern.
Now there is another attempt & price is above this zone.. Good volumes are appearing in the chart which indicates this time it could break the barrier,
Target would be 52 rs.
Long @ 41.3Break of trend line.
Price broke long term key level forming very strong base on weekly.
won't add more.
#fridaylash
WEEKLY LONG IN BIRLAMONEYHUGE VOLUME SEEM WITH BULLISH BREAKOUT
POSITION WEEKLY
*FOR EDUCATION PURPOSE ONLY
ABMONEY looks good for investments.ABMONEY looks good for investments.
Buy CMP: 61 ; SL: 52 ; TP: 90++; R:R - 3.22
aditya birla money looks bullish in short to medium termIn daily, there was a long consolidation and BB squeeze. Now price closed at UC with very high volume, and BB has started expanding. also regular bullish divergence seen here.
with sl - 72, tgt - 150
Trader's Queries - Birlamoney!Query : Can I invest in aditya birla money now?
Answer : I give my technical analysis, but not buy/sell suggestion. Price action has formed a rounding bottom and it has broken already. Targets for rounding bottom break out is over in another 12 - 18 points. For trading or investment right entry is important. I welcome suggestions
from investors.
