Breakout in Balrampur Chini

Chart type - Heikin Ashi
Time frame - Swing Daily Chart

All time High - 525.90
LTP - 435.10
Note: 20% down from all time high

Breakout of the resistance level of 431 (Recent high of May)
Wait and watch the behavior of price around these levels.
The support zone 425 to 430.

Thanks
Simranjit Singh Virdi

Comment:

Daily Chart
A green HA candle with a strong body indicates a strong momentum in the stock.

Weekly Chart
We have a confirmed breakout on the chart.

Comment:

BalrampurChini Daily HA Chart: The price has successfully sustained the breakout of 431 with a strong body HA candle. The price holds a strong momentum and will continue its uptrend.

Comment:

Balrampur Chini Renko Chart: We take reference from renko chart for the overall positions in the market. We have 4 green bricks which indicates the price has entered in the first zone. So we are in the uptrend. The support level is 430.

Comment:

High broken, now we have a new brick printed in Zone 1