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.
BIRLACORPN trade ideas
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.
resistance breakout and ascending triangle pattern in BIRLA CORPthis is for education purpose only
horizontal resistance breakout with big green candle
volume outbreak after consolidation phase
lower supportive line making higher lows patterns
RSI arounf 71 with convergence
level:
risky traders= buy at CMP
safe = buy above 1426
stoploss= 1335
target= 7-9 percent on swing basis around (1530)
Flag pattern..could move further up..Birla Corp broke out of channel many days ago with a big move up supported by good volumes...and has formed a flag pattern now...could signal another move up...especially if it breaks out of the flag with good volumes - keep watching...only take a trade when it breaks out from the upper part of the flag. Put a stop loss and trade. This is an idea, do your own research first.
CMP - 1224
target -1458 this space