🎬 BALAJITELE | Monster Falling Wedge on Monthly!
Over 2 decades of price compression in a massive falling wedge pattern!
This setup on the monthly chart is rare and powerful.
📉 Price has been respecting long-term support
📈 Breakout from upper wedge resistance could be explosive
🧾 Fundamentals still weak – turnaround in business key 🔑
CMP: ₹82.91 | AvgVol: ₹53.67 Cr | RVol: 0.3x
Recent +15.5% move hints at building momentum 👀
⚠️ Watch for a confirmed breakout with volume for positional entry.
#BALAJITELE #FallingWedge #LongTermChart #TechnicalAnalysis #Investofino #ManinderSinghAnalysis #StockMarketIndia
Over 2 decades of price compression in a massive falling wedge pattern!
This setup on the monthly chart is rare and powerful.
📉 Price has been respecting long-term support
📈 Breakout from upper wedge resistance could be explosive
🧾 Fundamentals still weak – turnaround in business key 🔑
CMP: ₹82.91 | AvgVol: ₹53.67 Cr | RVol: 0.3x
Recent +15.5% move hints at building momentum 👀
⚠️ Watch for a confirmed breakout with volume for positional entry.
#BALAJITELE #FallingWedge #LongTermChart #TechnicalAnalysis #Investofino #ManinderSinghAnalysis #StockMarketIndia
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.