BALAJITELE | Monster Falling Wedge on Monthly!🎬 BALAJITELE | Monster Falling Wedge on Monthly!
Over 2 decades of price compression in a massive falling wedge pattern!
This setup on the monthly chart is rare and powerful.
📉 Price has been respecting long-term support
📈 Breakout from upper wedge resistance could be explosive
🧾 Fundamentals still weak – turnaround in business key 🔑
CMP: ₹82.91 | AvgVol: ₹53.67 Cr | RVol: 0.3x
Recent +15.5% move hints at building momentum 👀
⚠️ Watch for a confirmed breakout with volume for positional entry.
#BALAJITELE #FallingWedge #LongTermChart #TechnicalAnalysis #Investofino #ManinderSinghAnalysis #StockMarketIndia
BALAJITELE trade ideas
BALAJI TELEFILMS, Bullish Momentum!BALAJI TELEFILMS (15-Minute Timeframe): Long Trade in Progress!
BALAJITELE Trade Details:
The long trade setup on the 15-minute timeframe has already hit TP1, showcasing a strong upward momentum. The chart indicates a likely continuation towards the remaining profit targets as per the Risological Trading Indicator.
Key Levels:
Entry: 61.67
Stop Loss (SL): 59.67
Take Profit Targets:
TP1: 64.14 ✅ (Hit)
TP2: 68.14
TP3: 72.13
TP4: 74.60
Analysis:
The trade setup reflects a robust bullish trend with price action supported by moving averages. Buyers appear to maintain control, suggesting further upside potential.
Outlook:
With the first target achieved, focus shifts to TP2, TP3, and TP4. If market conditions persist, this trade setup could deliver exceptional gains.
Stay tuned for updates as Balaji Telefilms approaches its profit milestones!
BALAJITELE : favorable R:RBalaji telefilms : Demand area 28 32
Time frame : Monthly
balaji telefilms in falling trend however now soon will be touch near strong demand zone area.
against the trend investors can go long with small risk as heavy demand we can see at 28 32
one can follow WCB stop at 24
Risk rewards in favorable part.
Balaji Telefilms Ltd.*Balaji Telefilms Ltd.*
Smaller Ascending Triangle Patter on Monthly Basis
Price Break-Out / Volume Support Required / To be Watched.
Also, Forming Triangle Patter - Yearly Basis.
IF Yearly Trendline Broken - Targets Can be Huge.
*Fundamentally Weak Company*:
Sales Decline / Flat. Loss Making.
Strong TNW though. Low Promoter Holding.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)