BALMER LAWRIE - Breakout in Monthly timeframe after 25 years. The breakout came with huge volumes which indicates a good sign. The company has very strong fundamentals and has a huge upside potential.
stock 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...
#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...
#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....
#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...
Key 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...
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🚀🚀.
$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...
Hi,
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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I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE...
Balmer 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.
BUY - BALMER LAWRIE
CMP - Rs. 139
Target - 1: Rs. 175
Target - 2: Rs. 199
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Technicals - Cup and Handle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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