📊 Balaji Amines Ltd – Bullish Breakout Above Resistance
The stock has delivered a strong breakout with robust buying momentum, indicating the potential continuation of the ongoing uptrend.
🔎 Technical Observations:
• Strong bullish breakout with high momentum
• Price trading above key moving averages
• Fresh buying supported by volume expansion
• Higher high–higher low structure intact
• Momentum indicators remain bullish
🔑 Key Levels to Watch:
• Immediate Support: ₹2,290 – ₹2,210
• Major Support: ₹2,100 – ₹1,995
• Immediate Resistance: ₹2,435 – ₹2,580
🚀 Upside Targets:
• ₹2,580
• ₹2,730
• ₹2,875+
📉 Risk Scenario:
A sustained break below ₹2,210 may weaken the current bullish momentum.
📈 Trading View:
👉 Stock has confirmed a bullish breakout above resistance.
👉 Holding above ₹2,290 may drive the next leg of the rally.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊