Balmer Lawrie - PSU Pick - Comparison on Monthly Vs Daily *Monthly:* Rounding Bottom Breakout done for Target of 330. After BO, price completed 1st Target of 275 and had a FIB 50% Retracement back to the BO Zone. Next Fib Targets are 385, 495 *Daily:* On Daily, Price has Broken out of Textbook Inverted Head and Shoulders Pattern - for Target of 330 which is...
Add at 150-152. Get ready for bigger move above the ATH. Add in dips and hold for min 250+
Balmer Lawrie is a Mini Ratna PSU stock - a conglomerate under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Balmer Lawrie has presence in both manufacturing and service sectors. Market leader in Steel Barrels, Industrial Greases & Specialty Lubricants etc... The first call was given around 150-155 levels for a Cup and Handle...
This stock moving at Life time high level Good volume Market fully upside move Take advantage in bulish market No recommendation for buy and sell Take own risks
🚀 ! BALMLAWRIE, situated at a 5-minute demand zone, presents a rapid trade opportunity. Let's dive into the analysis: Key Market Positioning 🕒: Execution (5 min): Currently in a 5-minute demand zone—optimal for quick entry. Intermediate (75 min): The overarching trend is bullish on the 75-minute chart. Daily: Reacting positively from its daily...
NSE:BALMLAWRIE Potential breakout chart setup on weekly timeframe with positive setups.
BALMEIR LAWRIE---DAY CHART --buy near to 142-43 price is inclusive of div Rs 7.50 and expected bonus in future as board meeting had postponed bonus some months back but going forward inverse head and shoulder pattern seen in weekly chart and price target of 174-180-184 can be expected.
Falling Trendline BO retested and confirmed. Inverted H&S BO done. Also, stock is trading above its 10 dema. CMP: 130 T1: 153+ (inline with Fibonacci targets) SL: Closing below 115
Stock is now trading above its 10 dema, gaining momentum. Triple rounding bottom can be completed soon. RSI strengthening. Stock is also trading above its falling resistance trendline now. A swing upto initial target of 150 can be expected soon. T1: 150 T2: 165 SL: 120
Buy Balmer Lawrie at CMP, triple rounding bottom (weekly) breakout on the verge. RSI strengthening. Keep SL below 113 (closing). T1: 150 T2: 165
Reason for long a) HSP breakout plus channel breakout possibility b) good volume accumulation c) Sl compulsory Duration 1 year as it is very slow moving stock.
In Daily stock completed Wave 1 - 2 - 3 Current Wave 4 Unfolding Since wave 2 was deep, chances are wave 4 will be flat Near term resistance and wave 4 unlocking may happen near 120 Post that stock has minor resistance at 130 Den straight away to 150 Keep an eye
this stock complete all type of correction first down stock wave A and upper move correction waves b and price again down 5 wave .. this complete all type of correction
W pattern in making after that ready to move up took support many times Buy Between 129 -133 SL 124 TGT 141-146-151-170 Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
BALMER EQUITY levels ...24/06/2021 (D candle)