Balaji Amines Ltd bottoming out
Just look at the setup on monthly chart
First strong upside move, then low volume retracement upto 61% .
Here price takes support of 50 MA and gives breakout of multi month trendline resistance with huge volume.
RSI also closed above 50.
Guess the next move in coming months 🙂
Support = 2330
Deep Support = below 2000
Resistance = 2700, 3100, 3300
Disclaimer: I may be holding position. I am Not SEBI Registered. Chart shared for Educational Purpose only. Kindly do your own analysis before taking Position.
First strong upside move, then low volume retracement upto 61% .
Here price takes support of 50 MA and gives breakout of multi month trendline resistance with huge volume.
RSI also closed above 50.
Guess the next move in coming months 🙂
Support = 2330
Deep Support = below 2000
Resistance = 2700, 3100, 3300
Disclaimer: I may be holding position. I am Not SEBI Registered. Chart shared for Educational Purpose only. Kindly do your own analysis before taking Position.
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