Stock is consolidating from long time and making base formation(rounding Bottom), it looks like stock is waiting for some news to move up. usually such formation occurs when smart/informed investor buy at lower levels to make higher profits.
After announcement of MSP, govt is considering more favorable steps for chini mills & related farmers like higher prices for Ethanol etc.
Volume to increased in consolidation zone confirm some thing is cooking into the stock.
Buy with a SL of 84 and a target of 90-92 in a month.
@Nifty_Club_India Can you please take another look at BALRAMCHIN and share your thoughts on 1-3 month time horizon? Thanks in advance 😀
Nifty_Club_India
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@d3mohank, Most of the chini companies had moved alot in past few weeks due to some positive news of chini exports and limited production.
not very positive now but yes can be buy above 105 for a target of 121 and SL Below 98.
Nifty_Club_India
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Target hit 17% gain in a day.
Nifty_Club_India
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As mentioned risky but a very high rewarding trade. Bang on target 7% up, more to come in few days.