mehul15287

Balrampur Chini, Bearish

Short
mehul15287 Updated   
NSE:BALRAMCHIN   BALRAMPUR CHINI MI
Balrampur Chini is Bearish as peer Ichimoku. Below the resistance line since June end.
IT SHOULD CRACK.
Targets mentioned.
Comment:
Below 380, targets are 375, 371, 360.
Take 360 PE JULY @ 4.1
Target = 7.5 and above
Comment:
360 PE is at 2.90 as i am typing this message. Just an Stop Loss hunting move in my opinion.
Comment:
inverted hammer on 4 hr chart, daily chart and weekly chart under progress.

speaks a lot :)
Comment:
couldn't update yesterday as i was travelling.

booked profit when 360 PE was at 5.1 (had 10 lots) so profit was a decent 16k.

didn't loose hope as it was rising on 12 JULY and Ichimoku gave courage to hold the PE option

T1 of 375 was met and bounced from b/w T1 and T2 as 200 DMA was there.
Trade closed manually:
T1 achieved
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