Showing posts with label Breakout. Show all posts
Showing posts with label Breakout. Show all posts

Wednesday, August 17, 2016

Balmer Lawrie at the resistance line

Balmer Lawrie is at the resistance line for the 3rd time now. If it is able to cross this line firmly and hold above it, around 690 range then it may be considered as breakout. If not it may again re-visit its support zone near 500-540.

Following is the weekly chart of Balmer lawrie: