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Birla Cable Share Price Target - Tomorrow, Next Week & Next Month

Birla Cable Limited

Company LogoSymbol: BIRLACABLE
Price: ₹231.89
Exchange: NSE
Technology -> Communication Equipment
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Birla Cable Recent Performance

Over the past 26 trading days, the value of Birla Cable's stock has decreased by ₹38.81 (-14.34%). On 25 Apr 2024, one share was worth ₹270.7 and by 31 May 2024, the value dropped to ₹231.89. During this period it created a highest high of ₹282.39 and lowest low of ₹229.30.

Below Image represents line chart of daily close price of Birla Cable, helping you visualize how the price has changed day by day.

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Birla Cable Recent Daily Close Chart

Chart: Birla Cable Share Price Target - Tomorrow

Birla Cable Targets For Tomorrow Chart

The line chart displays the Birla Cable daily closing prices for the past 26 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Birla Cable shares for Fri 31 May 2024, see the table below.

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Table: Birla Cable Share Price Target - Tomorrow

By analyzing Birla Cable stock with yesterday and past crucial price points and technical indicators we derived following targets for: Mon, 03 Jun, 2024!

Birla Cable's LevelsValueReason/Importance
Tomorrow Target 3239.25 (+3.17%)Price Action: 14 May 2024 Low
Tomorrow Target 2236.85 (+2.13%)Price Action: 16 May 2024 Low
Tomorrow Target 1234.35 (+1.06%)Price Action: 17 May 2024 Low
Current Price231.89Birla Cable's 1 share price as of Fri 31 May 2024
Stop Loss 1231.08 (-0.35%)Price Action: Chart
Stop Loss 2229.40 (-1.08%)Price Action: Dec 2018 High
Stop Loss 3227.95 (-1.7%)Price Action: Chart

Summary: Birla Cable Share Price Prediction For Tomorrow

Fri 31 May 2024: Birla Cable finished the day at ₹231.89, losing ₹-3.41 (-1.45%) in 1 day.

In summary, our analysis of Birla Cable for tomorrow predicts a rise of 1.06% to 3.17% with three potential targets T1: ₹234.35, T2: ₹236.85, T3: ₹239.25 and Stop-Loss (SL) at SL1: ₹231.08, SL2: ₹229.40, SL3: ₹227.95.

Additionally, we've identified a support level at ₹229.30 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹239.00, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.

Over the last 26 trading days, the stock has dropped -14.34%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 282.39 and 229.30.

After looking at tomorrow's share price prediction, let's now check what next week might hold for Birla Cable.

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Chart: Birla Cable Share Price Target - Next Week

Birla Cable Targets For Next Week Chart

The chart displays the Birla Cable weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.

For detailed target and stop loss values for Birla Cable shares for next week, see the table below.

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Table: Birla Cable Share Price Target - Next Week

By analyzing Birla Cable stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!

Birla Cable's LevelsValueReason/Importance
Next Week Target 3241.50 (+4.14%)Price Action: 30 May 2024 High
Next Week Target 2239.00 (+3.06%)Price Action: May 2024 High
Next Week Target 1236.30 (+1.9%)Price Action: 21 May 2024 Low
Current Price231.89Birla Cable's 1 share price as of Fri 31 May 2024
Stop Loss 1229.56 (-1.01%)Fibonacci Retracement Level 98.6%
Stop Loss 2224.03 (-3.39%)Fibonacci Retracement Extended 28.2%
Stop Loss 3221.40 (-4.53%)Price Action: Dec 2018 High

Summary: Birla Cable Share Price Prediction For Next Week

As of Fri 31 May 2024, Birla Cable share price stands at ₹231.89, losing ₹-10.06 (-4.16%) in this week.

In summary, our analysis of Birla Cable for next week predicts a rise of 1.9% to 4.14% with three potential targets T1: ₹236.30, T2: ₹239.00, T3: ₹241.50 and Stop-Loss (SL) at SL1: ₹229.56, SL2: ₹224.03, SL3: ₹221.40.

Additionally, we've identified a support level at ₹229.30 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹248.00, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Birla Cable.

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Chart: Birla Cable Share Price Target - Next Month

Birla Cable Targets For Next Month Chart

The chart displays the Birla Cable monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Birla Cable shares for next month, see the table below.

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Table: Birla Cable Share Price Target - Next Month

By analyzing Birla Cable stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!

Birla Cable's LevelsValueReason/Importance
Next Month Target 3248.00 (+6.94%)Price Action: 27 May 2024 High
Next Month Target 2245.35 (+5.8%)Price Action: 10 May 2024 Low
Next Month Target 1242.39 (+4.52%)Price Action: 18 May 2024 High
Current Price231.89Birla Cable's 1 share price as of Fri 31 May 2024
Stop Loss 1229.04 (-1.23%)Price Action: Chart
Stop Loss 2226.75 (-2.22%)Price Action: Chart
Stop Loss 3221.40 (-4.53%)Price Action: Dec 2018 High

Summary: Birla Cable Share Price Prediction For Next Month

As of Fri 31 May 2024, Birla Cable share price stands at ₹231.89, losing ₹-40.11 (-14.75%) in this month.

In summary, our analysis of Birla Cable for next month predicts a rise of 4.52% to 6.94% with three potential targets T1: ₹242.39, T2: ₹245.35, T3: ₹248.00 and Stop-Loss (SL) at SL1: ₹229.04, SL2: ₹226.75, SL3: ₹221.40.

Additionally, we've identified a support level at 229.30 — think of this as a safety net where the price might stop falling and there's also a resistance level at 282.39, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Birla Cable, we created a specific page for that check here: Birla Cable Share Price target for 2024 and 2025

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As we wrap up, we hope you like our study on Birla Cable short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Birla Cable Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter