Birlacorp
BIRLACORPN: Mixed IndicatorsThe chart should tell you everything you need to know about NSE:BIRLACORPN .
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What do you make of this price action?
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Long BIRLACORPN BIRLACORPN given successful closing above 52 week high Rs 1143 a long position can be around this price and Strict Stop loss of Rs 55 that mean exit the position if come near Rs 1087 as the move fail.
Reason behind long is the strong bas formation 944-855 and break out of 52wk high with considerable volume. Target will be around all time high and more will be update as the intiated.
How to calulate stop loss so let say my Risk is Rs 2000 ( i am ready to loose 2000 rs if it goes aganist my view ) so my quantity will be around 2000/55 = 36 shares
Happy Investing/Trading Cheers.
BIRLA CORP ANALYSIS!!i have determined the trend and great levels for buying and selling the stock. its a bit volatile market for this stock, but one can earn if he/she has a proper determined plan to trade such type of stocks.
ANALYSIS:
1. BLACK LINES are the different chart pattern trends.
2. BLUE LINES are the good levels to buy/sell the stock
3. PURPLE LINE is for the shorter swing trade, saying stock trading rs.909 is good to buy till 1160. if breaches, then all the way too 630.
4. ARROW MARKS & THE CIRCLES: everytime the stock broke the 970 level, it gave a very good upside movement, a level to watch out for.
Conditional long view on BIRLACORPNNSE:BIRLACORPN is near to its monthly 60% retracement.
My view is to take entry if price reached at 860. Will hold till target: 918 & 1008 followed trail stoploss.
Will exit on trade if price trade below 810
Note: This is my personal analysis, only for learning.
Thanks.
Birla Corp ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish , so take positions carefully.