Balu Forge Weekly Analysis
Price has Tested High of Rs 300 with Strength
-- Since there was Heavy Selling earlier in jan and Feb 2024, we expect some Bearishness here
-- Price is expected to Fall until 270/260
-- Then make a Support creating Right Shoulder thus creating a Inverted H&S pattern
One the Price stabilizes here, plan a Up-move targeting 300 and then BO of the same
-- Since there was Heavy Selling earlier in jan and Feb 2024, we expect some Bearishness here
-- Price is expected to Fall until 270/260
-- Then make a Support creating Right Shoulder thus creating a Inverted H&S pattern
One the Price stabilizes here, plan a Up-move targeting 300 and then BO of the same
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.
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.