🧪 Balaji Amines Ltd – Weekly Chart View

🔹 Technical Observations Stock in a long-term downtrend since topping near ₹4,800. Trading below 0.236 Fibonacci (₹2,000), currently near ₹1,500. Falling wedge pattern visible – could indicate a reversal if breakout happens. RSI shows bullish divergence (price making lower lows, RSI not confirming). Volume is muted → needs confirmation for any trend change. 🔹 Key Levels Support: ₹1,350 / ₹1,200. Resistance: ₹1,750 / ₹2,000 (major hurdle). Sustained move above ₹2,000 → opens upside towards ₹2,400–₹3,000 (Fib levels). 🔹 View Stock still weak, but near bottoming zone. Watch for volume-backed breakout above ₹2,000 for trend reversal. Until then → only suitable for patient investors or accumulate on dips strategy. 📢 Disclaimer: This is for educational and informational purposes only. Not investment advice or a buy/sell recommendation. Please consult your financial advisor before making any investment decisions.