The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern.
Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback.
Subsequently, the stock price began to rise again but met resistance at the 187 level this time.
After a brief consolidation, it developed a Cup & Handle pattern.
Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement.
BALRAMPUR CHINI
The stock price experienced a significant pullback after it fell below the Rising Wedge pattern.
Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern.
After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again.
This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
Nota
NYKAA
Based on our analysis, the stock price moved nearly 25% from the breakout level within just one month. We anticipate further movement ahead.
BALRAMPUR CHINI
This stock has also experienced an impressive price increase of nearly 23% from its breakout level in just a month. We expect the price to continue climbing from its current position.
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