BIRLA CABLE - SWING TRADE

Birla cable is forming Ascending triangle pattern which is most profitable chart pattern but keep an eye on tradeline once it is broken, Heavy sell can occur in no time.

Trendline is the wall of Ascending triangle which should not be broken if you are positive about the upside move.



The Best way to follow my Analysis is if the following conditions apply.

Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk!
&. Plan Your Trade & Trade The Plan!

Let Me know if you have any Questions or Comments Below!
Negative Or Insulting Comments Are Not Welcome


Financial by Tradingview

Valuation
Market Capitalization
3.897B
Enterprise Value (MRQ)
5.478B
Enterprise Value/EBITDA (TTM)
8.9670
Total Shares Outstanding (MRQ)
30M
Number of Employees

Number of Shareholders
37.164K
Price to Earnings Ratio (TTM)
17.9012
Price to Revenue Ratio (TTM)
0.7270
Price to Book (FY)
2.0867
Price to Sales (FY)
0.7270
Balance Sheet
Quick Ratio (MRQ)
1.1374
Current Ratio (MRQ)
1.6894
Debt to Equity Ratio (MRQ)
0.4421
Net Debt (MRQ)
785.608M
Total Debt (MRQ)
824.752M
Total Assets (MRQ)
3.46B
Operating Metrics
Return on Assets (TTM)
0.0655
Return on Equity (TTM)
0.1225
Return on Invested Capital (TTM)
0.1153
Revenue per Employee (TTM)

Price History
Average Volume (10 day)
129998.1000
1-Year Beta
1.1001
52 Week High
177.5500
52 Week Low
72.7500
Dividends
Dividends Paid (FY)
−30M
Dividend Yield Forward
1.1547
Dividends per Share (FY)

Margins
Net Margin (TTM)
0.0406
Gross Margin (TTM)
0.1562
Operating Margin (TTM)
0.0611
Pretax Margin (TTM)
0.0546
Income Statement
Basic EPS (FY)
7.2500
Basic EPS (TTM)
7.2481
EPS Diluted (FY)
7.2500
Net Income (FY)
217.371M
EBITDA (TTM)
434.592M
Gross Profit (MRQ)
283.817M
Gross Profit (FY)
836.347M
Last Year Revenue (FY)
5.354B
Total Revenue (FY)
5.354B
Free Cash Flow (TTM)



Regards,
Aqib Malik
birlaBIRLACABLEChart PatternsHarmonic PatternsTrend Analysis

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