BALRAMPURCHINI seems to be in a very crucial buying zone.
The reasons are listed below :
Target - 462 // 520
SL - 406 on closing basis
The reasons are listed below :
- Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels
again. - Broke the ascending triangle pattern i.e a bullish sign.
- 200EMA support on daily timeframe.
- Stock was in a consolidation phase from last 1.5 years.
- Higher high are being formed.
- Support formed at 411 levels which was a strong resistance previously.
Target - 462 // 520
SL - 406 on closing basis
Note
We easily achieved our 1st target of 462.Currently, the stock is up by 8.77% from our buying price.
It made a high of 11.5% return within 2 weeks.
Trade closed: stop reached
We hit our first target and then the price reversed rigorously. I hope everyone trailed their SL. We got stopped out!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.