NSE:BALRAMCHIN has been sustained above level of 390.40. As per my analysis 388 will be best level to take buy entry with stop loss of 373 (-15 Points Risk). My expected up side target would be 403 (+15) & 415 (+27).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
The stock is making an inverse head and shoulder pattern and is due for correction. Currently it is right shoulder formation and is expected to give full breakdown after budget. The RSI is also showing divergence in the prices and is on the losing front.
NSE:BALRAMCHIN
