If Balaji goes above 2650 it could go to 2830 before its results on 24th May.
SL below 2600.
This is a short term intraday kind of play so plan it accordingly.
First Thing You Need to Know Here Is That All The Strategies in the world are only successful if you can exercise the patience required. Sitting Tight Is the most important skill not reading charts.
I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August...
BALAMINES completed 5 wave impulse move and now in 3 wave correction mode. it also formed double top at 900 level. however it has seen buying interest at 760-800 levels, closing below 760 on daily basis it will bring the stock to 650 levels.
ON THE DAILY CHART THIS STOCK HAS GIVEN A BRAKEOUT OF THE INVERTED HEAD AND SHOULDER AND MADE A HIGH OF 575.95 .
SO ON THE BASIS OF MY ANALYSIS AND CALCULATION THIS STOCK MAY CONSOLIDATE BETWEEN 575 TO 528 POINTS FOR 2 TO 3 DAYS.
THIS STOCK MAY GIVE A RALLY OF 150 TO 170 POINTS IN 20 TO 25 DAYS.
** I AM NOT SEBI REGESTRED ANALYSIST I JUST SHARE MY VIEW. **
THANK YOU
