BALRAMPUR CHINI MILLS LTD
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Balrampur Chini Is Poised For A Huge Move

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-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up.
-Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern.
-Stock also broke above a long-term resistance line that has been tested multiple times over the years.
-Breakout was on high volume.
-Stock sustaining above 50 DMA which has acted as resistance in the past.
-Huge bullish divergence on RSI.
-Bullish divergence on Stochastic.
-Huge Bullish divergence on MACD along with MACD line crossing over 0.

-Bullish divergence on weekly MACD, RSI, and Stochastic as well.

Not n investment advice. Do your own due diligence.
Disclosure: Invested.
Not
About freaking time!!!!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.