BALRAMPURCHIN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year. it’s expected to give a nice target of R:R :: 1:3.
Reason:
Bullish trangle breakout.
Support at the VWAP.
RSI is in Bullish zone, Trendline break of RSI.
Successful breakout after 14 months
High Volume trade last 4 days.
successful breakout of the strong Resistance Zone. Now it will act as support
Price > EMAs
Verdict: Highly Bullish R:R :: 1:3
Plan of Action: Buy: 431.25 Stoploss: 406 Target: 500
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