Verdict:
Highly Bullish
R:R :: 1:3

Plan of Action:
Buy: 431.25
Stoploss: 406
Target: 500

BALRAMCHIN 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:

  1. Bullish trangle breakout.
  2. Support at the VWAP.
  3. RSI is in Bullish zone, Trendline break of RSI.
  4. Successful breakout after 14 months
  5. High Volume trade last 4 days.
  6. successful breakout of the strong Resistance Zone. Now it will act as support
  7. Price > EMAs

Verdict:
Highly Bullish
R:R :: 1:3

Plan of Action:
Buy: 431.25
Stoploss: 406
Target: 500

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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