Techno Funda – Birla Corporation Ltd.

BIRLA CORPORATION’s stock, known as “BIRLACORPN”, has performed impressively since March 2020. It started at 406.50 and reached a strong 1650, a big gain of about 300%. While it faced challenges during the early days of the COVID-19 pandemic, dropping to a low of 372.20, it has since bounced back and is on an uptrend. What’s important to note is that the stock is trading above key moving averages, like the 20/50/100/200 EMAs, both in the daily and weekly time frame. This indicates that many investors have confidence in the stock, and the sentiment is positive. Overall, BIRLA CORPORATION stock has shown resilience and solid growth, making it an attractive choice for potential investors. The chart pattern looks promising after analyzing key oscillators & indicators with the price. So one should initiate buying at CMP, which is 1313.15, with a stop loss of 1245.50 for the targets of 1585.00. The expected time frame for the following trade would be 2-3 weeks.

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