Balmer Lawrie long viewBalmer Lawrie long view
Near the resistance levels of 148. if it crosses decisively with good volumes then can see for 168-188 - 209 levels in near term. Strong base at 104 levels. Had been in consolidation phase for longer time now nearing the breakout levels.
No recommendation, just my view based on chart pattern
BALMLAWRIE trade ideas
BALMLAWRIEBALMLAWRIE:- Stock has given breakout of trendline, and has given breakout almost after 2 years, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Balmer Lawrie & Company Ltd - 31.12.2021Balmer Lawrie & Company Ltd - 31.12.2021
The stock is trading @ 121.90 levels
There was a Hammer @ Support in weekly chart
There is a MACD Bullish Divergence in Weekly chart
The prices are at EMA
There is a Resistance @ 124 levels
Watch out for the price actions
BALMER LAWRIE- Swing tradeBalmer & Lawrie is in critical trendline support region. It can move upto 160 in upcoming weeks.
Its good for Short term Investment or positional traders. Additionally, the Corporate has announced Rs 6 per share dividend can lift the stock price till the Ex dividend date (17 Sep). Its good to hold the stock until it breaks the Trendline on downside.
Kindly share your valuable feedback.
Disclaimer: Please do your own research or consult your advisor before taking any trade. This view is for educational purposes only
BALMLAWRIE - 4.5% Dividened play!They have declared a Dividend of 6 Rupee per share, which translates to 4.54% (Most probably record date by Sept 26th).
It's not bad as a 1 year FD. (With very probable up side in price... buying at value)
It is corrected a lot after last week's Mid-cap & Small-cap bloodbath.
Hence, I find it safe for short- mid term view.
~Disclosure: Invested. (Invest as per your views)
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~~~~~Enjoy the treat~~~~~~~ :)