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.
Trade active
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The script started moving. Please share your comments if you had taken a trade in this stock.
Trade closed: target reached
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Positional trade target reached. My trade: Buy price- 344 Sell price- 378 Profit- 9.8% Time- 13 trading days