MASK, BALA and MADU must breakout for new highs

Plantations took a breather after some heavy trading during the last week. This consolidation is nothing unusual in a trend. Let's see the price action on the above mentioned charts.

MASK Daily Chart

13/50 for this counter had been an important level. The stock is testing that level at present. That must be broken with strong volumes to see the stock moving towards 15/00.

BALA Daily Chart

17/00 is a major resistance point which needs to be broken out with volumes for the counter to move up towards 19/50.

MADU Daily Chart

8/00 is the breakout point of MADU. Failure to do so will stretch the consolidation. Thereafter only it would test 8/80 to 9/00.

If any one is taking trading positions on these counters there are two strategies, a). Wait for the break out or b). Buy within the consolidation. Either way please have your stops as nothing is certain in life.