BirlaCorp - Will it give a Breakout from a Falling Wedge??

BirlaCorp

The stock is consolidating in a falling wedge pattern in the hourly chart.

We are likely to see a short term breakout above swing high of 537. The prices 560 & 580 are Resistances.

The nearby Support is the swing low of 512.

Recent bounce of RSI from 50-level suggests strength as of now.

***TRADINGEDGE Time-Trend Indicator is Bullish in hourly.***

KEEP AN EYE!! #B+

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