BALPHARMA

After good run up stock was consolidating near 50 DMA. Futher on 04-12 there was some increase in volume that has been bought into and stock has not corrected much. And on 05-12 it has closed at the highest point with volume higher than previous one.

It seems supply for the stock is over and any small demand can also take stock higher very fast.

It can be bought at 58 with SL of 54.50