PrashantBhiwaniwala

Balaji Amines Ltd - 18.06.2021

Long
NSE:BALAMINES   BALAJI AMINES LTD
Balaji Amines Ltd - 18.06.2021

The stock has made a low of 2451.70 during the week

Prices are below ema

There is a Hammer Formation in Daily Chart

There is a Stochastic Bullish Divergence in Daily Chart

Let the high of Hammer (2653) be taken off and prices go above ema (2669), one can initiate a long position with support @ 2565

watch out for the price action