Balrampur chini has forming a falling wedge pattern. Also has a positive divergence with RSI. Also trading near 50-200 EMA cross. Once the golden cross is done this stock will gain a good momentum. Rise in volume is also seen. Overall all the good signs for the stock to gain few points for swing.
Buy in the range of 380- 390 with a stop of 344 for a target of 480-484 in 3-4 weeks.
Buy in the range of 380- 390 with a stop of 344 for a target of 480-484 in 3-4 weeks.
Makarand Chothe