Swing Trade for BirlaCable
as technically pattern is strong bullish but fundamentally it is weak
Though Foreign Investers are decreasing in quaterly basis and sales also decreasing but for swing trade you can hold it for 1week maximum for short term profit.
Only for Risky trader
Delivery Buy BIRLACABLE 309 S/L 278, Tgt: 330 / 345
Birla Cable Limited (Formerly known as Birla Ericsson Optical Limited) is a premier company in the field of Telecommunication Cables, which offers one of widest portfolio of Copper and Fibre Optic cables under its umbrella.
The negative aspect of the company is high promoter stock pledging, decline in net profit and fall in profit margin of the company. The...
Hey folks, look at this trade it is amazing swing trade
Breakout is already done, it will retest and then go up
it will have volume also
we will make profit
make your own research
i'm not your financial advisor
With a bit long time frame in mind say about 2 years this stock can easily double from here, as in rounding bottom pattern breakout, there is a probability of 9/10, it working and reaching the targets. Therefore, your only problem is the ability to hold the stock for long term. also, the financials of the company are pretty good.
Weakly chart
1) Life time High working as resistance for the stock but now breakout at 228-230 level.
2) Channel pattern follow and now breakout.
3) Higher high and higher low formation.
4) 2018 and channel pattern breakout with High valume
5) global market in down but this stock breaking life time High so the have potential to create new life time High
6) stock...
Birla CablesLtd.
C&H Pattern on Monthly Basis.
Price Trendline BreakOut Sustained.
Strong Resistance at 182. Need to Break this & Sustain for further Upside.
Trail SL with Upside as per your Risk Appetite
Sound Financials
Do Your Own Research as well.
Happy Investing 😇
BIRLACABLE - Medium term swing trade
The stock is in the process of completing a weekly cup formation.
Buy near 115 levels
Targets - 137, 160+
SL - 100 (weekly closing basis)
Birla cable made a good base and ready to move out of base also having trendline at upper levels if moves out of range with bullish candle then buy keep sl at 150 tgt 180 190 200+
Only for educational purposes
Ask your financial advisor before buying
Stock took support at RSI 45, Channel pattern trendline support.
Go long, Buy at 136 with Target 139 /141 / 143 , Stop loss 129 .
Its my view for the educational purpose
BIRLACABLE on accumulation stage. After a great decline from last year. It is now consolidating. Broke the Most Important Resistance 83. Now it's near 200MA. You can also find DARVAS BOX on 15TF. If retraced back to 85 you can take long position very comfortably. Or Skipes and if crossed level of 90 you can go long. This Positional trade may take time.But it's...
