BIRLACABLE trade ideas
BIRALACABLE LongNSE:BIRLACABLE Not for short term but if we see for long term view this could give good return what I think. Arguments says that very few negatives in which considerable is EPS that might lag before a good move.
These are my personal views and hope for suggestions from others also.
Disclaimer: This is the idea I am sharing for knowledge purpose for me and others and not for recommendation purpose.
ONLY FOR RISKY TRADER BirlaCableSwing 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
Weekend Research 2 Birla Cable Ltd. CMP 293.4Birla 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 positive aspect of the company is technical momentum is shifting towards positive and the company chart shows that the company is trying to build a firm base between 260 to 290. MACD is also indicating positive momentum.
Entry in the stock can be taken after closing above 295. Targets will be 312 and 335. Long term targets in the stock will be 354 and 375. Stop loss in stock can be maintained at a weekly closing below 250.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
huge gain candidate stockWith 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.
Breakout stock life time High 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 may be take advantage of government development just resently announced by PM Modi
7) keep stop loss of 175-180
8) my Target to be 500 is the sentiments resistance
9) risk reward fit 1:6
10) 50SMA 170 this can be considered for stop loss
11) SMA 100 152
12) SMA 200 98
NO RECOMMENDATION FOR BUY OR SELL
BIRLACABLE ON FIRE!!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 nice setup for +90% movement. Keep your Eye on Vol.
BIRLA CABLE - Looks GoodIt has a nice step by step climb.
Breakouts come with good volume every time.
Buy on any dips above 60.
Maintain Stop loss based on your appetite.
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