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BALAJI AMINES LTD
Long

Balaji Amines Flag Breakout 2X

By naraykln
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.
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Increased position
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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.
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Breaking out after revising the trendline to jan '24 top
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Flag + Inverted Head and Shoulder breakout
balajiaminesBALAMINESchemicalsFlagFundamental AnalysisMultiple Time Frame Analysis
naraykln

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