Balaji Amines (BALAMINES)
BALAMINES After a prolonged downtrend through December, the stock has formed a "Rounding Bottom" or a base near the ₹1,080 level.
: The price has successfully crossed above both the short-term RED 10EMA and red 20EMA moving averages, which are now beginning to curl upwards, signaling a potential trend reversal.
Support: Strong support is established at ₹1,065 (Recent Low).
Resistance: Immediate hurdle is at ₹1,280, with a major historical peak near ₹1,450.
Bullish Reversal. The recent surge with a 6.32% gain on Jan 28 indicates strong buying interest at lower levels.
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