Long

Balaji Amines Flag Breakout 2X

Updated

Balaji Amines breakout after 2.26Y. Can expect 2X from current price. Weekly volume is above the average. Daily volume at breakout isn't much convincing. But 15min volume at breakout was good. Maybe for safer side, one can add above 2440. Can wait to retest at breakout maybe around 2350-2360.

Note

Increased position

Note

QoQ Sales, Net profit is positive. YoY Sales, net profit is negative. Sector reviving. Domestic sales yet to pickup. QoQ Sales was marginally positive. Let's see how market reacts.

Note

Breaking out after revising the trendline to jan '24 top

Note

Flag + Inverted Head and Shoulder breakout

naraykln

Also on:

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.