#LGBalakrishnan CMP 769 Formation of CnH in longer TF and Daily TF.
Funda are very good available at 9.6PE with very good ROCE and ROE
Can be held for long term.
Chart -> LG Balakrishna Daily
The stock has given a cup and handle breakout with a huge volume bar today.
CMP: 769
Good to buy around: 750
Targets: 798, 830, 877
SL: 705, daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
LG Balakrishna-inverse head and shoulders pattern Breakout Daily Time Frame. Entry-700/720 Expect a Target-880/900 Stop Loss-660.only Education Purpose.
L G Balakrishnan & Bros Ltd - 07.01.2022
The stock is trading @ 625 levels
The prices are at EMA
There is a HAMMER in Hourly Chart
There is a DARK CLOUD COVER in weekly chart
There is a DOJI followed by Shooting Star in Daily Chart
Stochastic is overbought in Weekly chart
RSI is overbought in Weekly & Monthly Chart
Let the prices go above 632 or go below...
LG BALAKRISHNA & BROS as per Daily chart analysis the stock has broken resistance 547 and today the stock has also broken resistance 587. Above 625 for a target 650. Resistance at 657 level.
