BIRLACABLE - DAY CHART TURNAROUND SOON...

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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.

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