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BALRAMPUR CHINI MILLS LTD
Long

Balampur Chini

By S_Rawat
Updated
BALRAMCHIN

Long trade in BALRAMPUR CHINI.

Best buy: 395+ or after the breakout of the triangle pattern ie.420+
Stop Loss: Below 370
Targets: 430/460/520

Reasons to Buy:
  1. The trend line has always been a reliable support system, and it has proven its consistency time and time again.
  2. Good support from the 52weeks moving average
  3. Good PE ratio of 22.90







Disclaimer :

Please note that this is a general idea and it is recommended to trade at your own risk.
Note
Daily Chart
snapshot
Trade closed: stop reached
balrampurchiniBeyond Technical AnalysisChart PatternssugarstocksTrend Analysis
S_Rawat
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