BALRAMPUR CHINI MILLS LTD
Long
Updated

Balampur Chini

815
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.