BALMER LAWRIE & CO.LTD.
Long

BALMER LAWRIE LOOKS GOOD FOR A SWING

384
Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants with solid fundamentals listed below
ROCE 15.6 %
ROE 14.7 %
HIGHEST EVER PROFITS and SALES

TECHNICALS -
The stock in past has formed various small patterns and respected them very well majorly cup and handle and inverse head and shoulder which lead to an unprecedented rally in the stock however in the recent period the stock has been in consolidation phase lately and a small rounding bottom is being formed which can yield pretty decent returns in short term

TARGETS 1 -318
TARGET 2 - 406


28% IN 10-12 WEEKS OR LESS

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