The Bulldozing Lorry - The unstoppable "Balmer Lawrie"Balmer Lawrie is a Mini Ratna PSU stock - a conglomerate under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Balmer Lawrie has presence in both manufacturing and service sectors. Market leader in Steel Barrels, Industrial Greases & Specialty Lubricants etc...
The first call was given around 150-155 levels for a Cup and Handle BO in Weekly. In an attempt to reach the Weekly C&H Target - lawrie has formed a Fresh Rounding Bottom pattern on Monthly and BO was already done in Dec 2023.
Today the stock reach new ATH with 7% increase and heading closer to 1st target of 270. the Fresh RB Monthly Target is 330.
Stock is already 60% above the entry price and bulldozing all resistances and heading for larger Targets. keep holding your winners.
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