BALRAMCHI is unable to take out its previous highs which suggests its a Shorting Opportunity.
Sell BALRAMCHI at 73.25 with Stop-loss of 76 and Target of 62
Trending on the support zone. Upside tgt capped to 140 -145 levels , maximum down side 99-100 . Import duty news have died down now. simple view stockdada.
On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels. ...
