BALRAMPURCHIN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year.
it’s expected to give a nice target of R:R :: 1:3.
Reason:
Verdict:
Highly Bullish
R:R :: 1:3
Plan of Action:
Buy: 431.25
Stoploss: 406
Target: 500
it’s expected to give a nice target of R:R :: 1:3.
Reason:
- Bullish trangle breakout.
- Support at the VWAP.
- RSI is in Bullish zone, Trendline break of RSI.
- Successful breakout after 14 months
- High Volume trade last 4 days.
- successful breakout of the strong Resistance Zone. Now it will act as support
- Price > EMAs
Verdict:
Highly Bullish
R:R :: 1:3
Plan of Action:
Buy: 431.25
Stoploss: 406
Target: 500
