Balaramchin closing 396.75 with stop loss 370 then targets are 455-485-525.
Buying Reason.
1 --> Price close above all ema.
2 --> Price face many time resistance at a same zone.
3 --> RSI is above 60.
4 --> ADX is show the #Bullish move and +DMI is rise.
5 --> Daily and on a Weekly chart made a Cup & Handle Pattern #Breakout.
6 --> #Volume is rise and near to breakout.
7 --> Bollinger Bands are open in Positive Side.
Buying Reason.
1 --> Price close above all ema.
2 --> Price face many time resistance at a same zone.
3 --> RSI is above 60.
4 --> ADX is show the #Bullish move and +DMI is rise.
5 --> Daily and on a Weekly chart made a Cup & Handle Pattern #Breakout.
6 --> #Volume is rise and near to breakout.
7 --> Bollinger Bands are open in Positive Side.