Birla Corporation looking North ward after weekly BOBirla Corp. Ltd. engages in the provision of manufacture of cement. It operates through the following segments: Cement, Jute, and Others.
Birla Corp. Ltd. Closing price is 1280.10. The positive aspects of the company are Companies with Zero Promoter Pledge, Companies with reducing Debt, Strong cash generating ability from core business - Improving Cash Flow from operation and FII / FPI or Institutions increasing their shareholding . The Negative aspects of the company are high Valuation (P.E. = 25.8), MFs decreased their shareholding last quarter.
Entry can be taken after closing above 1283 Historical Resistance in the stock will be 1350 and 1438. PEAK Historic Resistance in the stock will be 1532 and 1660. Stop loss in the stock should be maintained at Closing below 1170 or 900 depending upon your risk taking ability.
Disclaimer: 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
