Birla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators.
Reasons are listed below :
After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment.
The breach of a consolidation area spanning over two years indicates a decisive move in...
Birla Corporation Strong Breakout
Good Volume...
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
BIRLA CORPN
CMP: 1696
Weekly Chart (11 Feb 2024)
Key Study Points:
- Breakout of Very Long Consolation (116 WEEK) Zone with Strong Volumes
- Strong Price Action
- Stock making 5th attempt to break All Time High.
- Keep SL of 1600 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as...
BIRLACORPN
main point is rounding bottom with 52week breakout with high volume spike .
targets are opens but entry after retext . respect SL ... like goodness of discipline trader
large multicap company .
Good for long term but sales growth is poor .
Company has been maintaining a healthy dividend payout of 26.4%
holdings :-)))
a) Promoters 63%
b)FIIs &...
📊 DETAILS
Sector: Diversified
Mkt Cap: 9,895 cr
Birla corporation It is a company of M.P Birla Group. The Co is engaged in the manufacturing of cement of various kinds and also has a presence in the jute goods industry.
TTM PE : 258.55 (High PE)
Sector PE : 48.06
Beta : 0.97
📚 INSIGHTS
Strong Performer
Stock with consistent financial...
A clear breakout in the weekly charts , one can go long only if the stock breaks last weeks high of 1330 with a stop loss of 1150 on a weekly closing basis . The stock can go up to the levels of 1450-1650 on a positional basis .
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Stock formed VCP in DTF
BO with Volume, before BO there was volume dry up
EMA Rule in place
MACD Crossover
RS Line making 52WH in WTF.
Emotion: A bit scared, but beliving in system,
calm 50/50, i have accepted the risk
Reason for long
a) FII stake increased
b) HSP set up
c) Fundas are okay
d) Weekly breakout from HSP
e) Super vwap support
f) QQE long support
d) Super trend long
SL compulsory
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.
Key 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
Hi,
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...
