BIRLACABLE - DAY CHART TURNAROUND SOON...

15 Jul

BIRLACABLE CHART ANALYSIS 🧐

Time frame - Day chart
🔹Trend: Correction Downtrend is in effect with low volume fall.

🔹 The last swing low made is insignificant and formed a double bottom structure, with a small RSI divergence.

🔹View: Breakout of a trendline and horizontal range around 263+ can trigger a change in trend, from down to fresh up trend.
Promoter holding is increasing cause it had a slow correction phase for a while now and it hit the major trendline support zone so that will be a high probability setup for a potential up move.

🟢Entry: 30 min close above 263+

♦️Risk:- 230 on weekly candle closing below.

🎯Targets :- 290,350+

Use position sizing and follow your money management rules too.

Detailed analysis on chart, Study it and mark levels on your chart.

15 Jul

Trade aktif

1ST Target achieved in intraday itself.
amazing 12%+ moved