LGBBROS - Support Retest and Subsequent Rise
LG Bala has been gradually moving up since June 2021 in a rising channel as shown clearly on the chart.
Inspite of a sizeable correction in the market, LGBBROS has maintained the sanctity of this rising channel and has tested and held this weekly channel support multiple times.
The stock has finally managed to give a short term breakout on both the daily and weekly charts by closing at a 6+ week closing high.
Buy LG Bala at CMP
SL 580 DCB
TGT 665, 730-780 (channel resistance)
Inspite of a sizeable correction in the market, LGBBROS has maintained the sanctity of this rising channel and has tested and held this weekly channel support multiple times.
The stock has finally managed to give a short term breakout on both the daily and weekly charts by closing at a 6+ week closing high.
Buy LG Bala at CMP
SL 580 DCB
TGT 665, 730-780 (channel resistance)
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