Hi Guys, Ballarpur industries looks good for breaking to the upside. look for breakout of downward trend for buying. whole move can upto 3 but still go as your risk assessment suggests. Cheers.
TGC + BO CCI(D)>100 Volume Support Resistence at 18.40 (Fibo 61.8%), if crossed will shoot to 22.85 and 30 later
accumulate for 50% upmove from these levels .target 22
After formation of Doji, Share has increased with very big volume(shown in black box). Relative Strength Index has also just made bounce back from oversold area. Share Price will rise.
Bad trend, but will this bounce from Current Levels. I will buy this with small SL of close below 11 cmp 12.50 Target 14/16 and more