BALRAMPUR CHINI... GOOD TO BUY
Updated
The second-largest sugar company in India is at a good buy price.
The script is forming an ascending triangle (also a flag pattern). Watch for the breakout.
Positional traders can buy for a target of 375 (8.5%).
Long-term target - 490 (42% in 6 months or so)..
With the Indian government's target of increasing the % of ethanol to be blended in petrol, BALRAMPUR CHINI seems to be a very good script for long-term investment.
The script is forming an ascending triangle (also a flag pattern). Watch for the breakout.
Positional traders can buy for a target of 375 (8.5%).
Long-term target - 490 (42% in 6 months or so)..
With the Indian government's target of increasing the % of ethanol to be blended in petrol, BALRAMPUR CHINI seems to be a very good script for long-term investment.
Trade active
The script started moving. Please share your comments if you had taken a trade in this stock.Trade closed: target reached
Positional trade target reached. My trade:
Buy price- 344
Sell price- 378
Profit- 9.8%
Time- 13 trading days
Trade active
Long-term traders can hold for good returns.
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