BALRAMPUR CHINI MILLS LTDUpdated

Breakout from Triangle pattern

Balrampur has BO'd from triangle pattern with decent volumes...targets marked..Trade at your own risk..This is an idea only.
Note
It has pulled back to the upper part of the triangle...be watchful. especially if starts moving up - then you can think of taking positions..that is a classic set up
Note
Remember - classic does not mean that you will ALWAYS be profitable...but the probabilities are high
Note
Trading at 354..if it falls below 348 Rs ( in case you have taken any position) then think of getting out...hope you have a SL in place.
Note
Yesterday was a red day after many green days for the market...and today it is moving sideways...Balrampur fell 5% yesterday and today it is down 4% again...that is unhealthy

Disclaimer