Balu Forge Weekly Analysis
Price has Tested High of Rs 300 with Strength
-- Since there was Heavy Selling earlier in jan and Feb 2024, we expect some Bearishness here
-- Price is expected to Fall until 270/260
-- Then make a Support creating Right Shoulder thus creating a Inverted H&S pattern
One the Price stabilizes here, plan a Up-move targeting 300 and then BO of the same
-- Since there was Heavy Selling earlier in jan and Feb 2024, we expect some Bearishness here
-- Price is expected to Fall until 270/260
-- Then make a Support creating Right Shoulder thus creating a Inverted H&S pattern
One the Price stabilizes here, plan a Up-move targeting 300 and then BO of the same
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