BAL - Chart, page-2900

This weeks close is significant in the context (due for a newsflow any time now) hopefully it will close on a high...... if you look at a 2 month chart what i liked the most is the clear consolidation at regular intervals before an upsurge....... for instance the 7.75 consolidation phase before 8.3 happened and similarly the 8.4 consolidation before taking off 8.5 levels. My take is it will test the 200 dma but it definitely needs a postive news influx to convincingly take it off and march ahead........

Next week will be interesting for sure.......... Just reiterating, stage4 bal formula is doing well with what i gathered anecdotally i would like to hear more on that in this presentation as that will be the difference in FY20
DYOR
Above my opinion only take it with a grain of salt
Cheers Good luck holders
SS