Balmer Lawrie cmp 224.11 by Daily Chart viewBalmer Lawrie cmp 224.11 by Daily Chart view
- Support Zone 203 to 215 Price Band
- Resistance Zone 203 to 215 Price Band
- Multiple Bullish Rounding Bottoms around Support Zone
- Both Falling Resistance Trendlines Breakout seems sustained
- Heavy Volumes surge on Friday post close sync with avg traded qty
- Upwards Price momentum has well respected the Rising Support Trendline
- [ b]*Inside Bar made on Friday closure, indicates observing caution either a Breakout or Breakdown*
BALMLAWRIE trade ideas
BALMLAWRIE - Wedge formation and Morning starThe price has been consolidating since January 2024, forming a wedge pattern. Recently, a morning star candlestick formation has appeared, which could be considered as a potential signal. However, it might be better to wait for a trendline breakout for additional confirmation.
BALMER LAWRIE LOOKS GOOD FOR A SWINGBalmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants with solid fundamentals listed below
ROCE 15.6 %
ROE 14.7 %
HIGHEST EVER PROFITS and SALES
TECHNICALS -
The stock in past has formed various small patterns and respected them very well majorly cup and handle and inverse head and shoulder which lead to an unprecedented rally in the stock however in the recent period the stock has been in consolidation phase lately and a small rounding bottom is being formed which can yield pretty decent returns in short term
TARGETS 1 -318
TARGET 2 - 406
28% IN 10-12 WEEKS OR LESS
BALMLAWRIE BREAKOUT (6 year range breakout)Balmer Lawrie & Company Ltd is extremely bullish with rising volume as visible form the chart .
The financials of the company are pretty solid as well :
1. Rising PE
2. Increasing sales
3. increasing net profit
4. rising EPS
Along with all this the company also gives pretty solid dividend as well.
It is the stock to watch out for🚀🚀.
BALAMER LAWRIE FORMING INVERSE HEAD AND SHOULDERThe stock is forming an inverse head and shoulder pattern on the daily timeframe moreover 292 acted as a crucial resistance which was breached few day back
The stock has posted a decent december quarter and the results for upcoming quarter are due on 24 th may which are exepcted to be great
The stock can give more than 30% returns in less span of time and can reach till 376 in few months
BALMLAWRIEstock consolidated in a range in upper side stock take multiple rejection on 290 if take resistance on 290 and price hold higher then break high it will go up
for down side stock taken 2 time bounce on support if stock test support then support is week break support it will go down
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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Balmer Lawrie & Company Limited - Long Setup, Move is ON...#BALMLAWRIE trading above Resistance of 280
Next Resistance is at 411
Support is at 172
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Balmer Lawrie & Company Limited - Long Setup, Move is ON...#BALMLAWRIE trading above Resistance of 172
Next Resistance is at 280
Support is at 148
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Balmer Lawrie & Company Ltd#BALMLAWRIE
CMP :267.1
Date :19-01-2024
A Govt of India undertaking. Almost nil debt company.ROA , ROE , ROCE improving. Profit margin also improving qoQ & YoY.Now at 52 week high with significant volumes.Already made a round bottom aged 6 years breakout and retesting . Technically looking good now. Stoploss @ ₹.220/-
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
Brace for impact 🔥 #superchartzKey levels:
Support:150
Resistance: 190
Key write-up:
1. **Trend Validation:** It confirms a sustained shift in performance over several years, making it more reliable than short-term fluctuations.
2. **Long-Term Growth:** Multi-year breakouts often indicate consistent growth, suggesting the business or asset's fundamental strength.
3. **Investor Confidence:** It boosts investor confidence by demonstrating the ability to maintain positive performance over an extended period.
4. **Reduced Noise:** Longer timeframes filter out short-term noise, providing a clearer picture of underlying performance trends.
5. **Strategic Planning:** Businesses can use multi-year breakouts to make informed decisions for expansion and resource allocation.
6. **Market Recognition:** A sustained breakout can lead to increased market recognition, potentially attracting more customers and partners.
7. **Competitive Edge:** Consistent multi-year growth can signal a competitive advantage, differentiating the entity from its peers.
8. **Risk Mitigation:** Breakouts supported by multiple years of growth may be less risky than shorter-term surges, offering more stability.
9. **Media and Public Attention:** Media coverage tends to highlight sustained success, bringing positive attention to the entity.
10. **Future Predictability:** Multi-year breakouts may allow for more accurate forecasting and prediction of future performance.
Balmer Lowrie CMP 169 forming IHnS$BalmerLawrie is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.
It is a central public-sector undertaking
Technically chart is showing a formation of Inverted Head and Shoulder formation and now it has crossed the neckline with good volume. CMP is 169 and IHNS is showing an ultimate tgt of 240.
Please do your own analysis before any investment.
Balmer Lawrie: Flag BO on Weekly TFHi,
A Bullish flag and Pole pattern is emerging on the weekly chart of NSE:BALMLAWRIE Volume and price breakout both are confrimed.
All the details are mentioned on the charts.
Exit the position if the stop loss is triggered on WCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BALMLAWRIE attempting BreakoutBalmer Lawrie is attempting a breakout from Symmetrical Triangle pattern on 1D & 1W timeframe. Enter on bullish candle closing above the trendline. Please be wary of 'EARNINGS RISK'. Earnings are expected to release around 7th Aug '23. However, Risk Reward Ratio is very good.