Great volume breakout in Balaji Amines
Balaji Amines almost gave a long pending breakout today.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Comment:
Stock triggered the breakout level of 2308. Moving towards 2600 now.
Trade closed: stop reached:
Better cancel the trade for now. Will get another chance.