📊 Balaji Amines Ltd – Bullish Breakout Setup
The stock is witnessing strong buying interest after reclaiming key resistance, indicating a potential continuation of the uptrend.
🔎 Technical Observations:
• Strong bullish breakout with rising volume
• Price trading above key moving averages
• Momentum indicators turning positive
• Trend structure remains bullish
🔑 Key Levels to Watch:
• Immediate Support: ₹2,040 – ₹1,995
• Major Support: ₹1,885 – ₹1,850
• Immediate Resistance: ₹2,290 – ₹2,435
🚀 Upside Targets:
• ₹2,435
• ₹2,580
• ₹2,730+
📉 Risk Scenario:
A close below ₹1,995 may weaken the current bullish setup.
📈 Trading View:
👉 Sustained move above ₹2,290 can trigger fresh bullish momentum towards higher targets.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊