Symmetrical triangle pattern
Balrampur Chini forming a symmetrical triangle pattern.
3rd touches on lower trend line, shows strong supports
4th touch show the trend line is tested multiple times, and it is becoming weaker.
Stock has contracted in recent days with drop in volumes,
soon it will enter the expansion phase i.e pick up momentum volumes
Expecting a breakout on upside.
SL 416
Target 490
3rd touches on lower trend line, shows strong supports
4th touch show the trend line is tested multiple times, and it is becoming weaker.
Stock has contracted in recent days with drop in volumes,
soon it will enter the expansion phase i.e pick up momentum volumes
Expecting a breakout on upside.
SL 416
Target 490
Trade closed: stop reached
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