BIRLA CABLE LTDДлинная
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
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
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