balmlawrie in buyfundamentally its in under value also near margin of safty
the zone is retracement demand zone so it may react in this zone
NOTES: WE CANT POST ANY ACCURATE ENTRY ON PUBLICE DUE TO SEBI RULES
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BALMLAWRIE
BALMLAWRIE in Buywe predict dec 2024 in fundamental and financial analysis it will come under 158,
now you see the result u can sip on this stock, its high dividend yield stock
Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview:
Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis.
Key Observations:
1.Fibonacci Retracement:
The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40).
2.Chart Patterns:
An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached.
3.Moving Averages:
Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84).
Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline.
4.RSI Momentum:
RSI at 58.36 suggests mild bullish momentum, with room for upside.
Key Levels to Watch:
Resistance: INR 249.54, INR 263.45, INR 279.95.
Support: INR 238.00, INR 225.00, INR 202.40.
Potential Scenarios:
Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95.
Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower.
Volume Analysis:
Rising volume indicates renewed buying interest, supporting a bullish outlook.
Conclusion:
Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
Balmer Lawrie - Wave 4 UnfoldingIn Daily stock completed Wave 1 - 2 - 3
Current Wave 4 Unfolding
Since wave 2 was deep, chances are wave 4 will be flat
Near term resistance and wave 4 unlocking may happen near 120
Post that stock has minor resistance at 130
Den straight away to 150
Keep an eye
BALMLAWRIE - Rounding Bottom - Weekly chart - SwingThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
Logic, SL and Target is shown in image itself.
Also, traders can see Cup & Handle formation on chart as well. (double confirmation of priceaction)
This analysis is for study purpose. Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis
