Balmer Lawrie is a Mini Ratna PSU stock - a conglomerate under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Balmer Lawrie has presence in both manufacturing and service sectors. Market leader in Steel Barrels, Industrial Greases & Specialty Lubricants etc...
The first call was given around 150-155 levels for a Cup and Handle...
Confirm multi-year breakout on this stock as :
Cmp 2220
TGT 3000-3200-3500++
Sl below 2080
Positive Factors as :
Increased FII Holdings
Good Q3 results
FV 10
Good P/E ratio
EPS 60+
ROE 16+
Follow strict stop loss as the market is unpredictable
Note: Just an idea not any recommendation to buy or sell the particular stock.