BALAJI AMINESNSE:BALAMINES is very good fundamental company.
after very big correction, right now Balaji amine is at very strong support and also making very convincing bullish engulfing.
one can add this stock to their portfolio for short term targets of 4472 and 5212, and a long term target of 15,000+
i am very bullish at balaji amines
Balajiamines
Balaji AminesRange breakout done
Keep sl of 3150 closing basis
for first target around 4000 and then ATH
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Balaji AminesI am sharing my trendlines in this chart so that you can take informed decision accordingly. Balaji is one of the 2 main listed amines company in India. The company is fundamentally very sound, however, I feel a sharp rise in stock price has lead to a sharper correction in this counter. The whole chemical pack is under pressure currently.
BALAJI AMINES Buy Idea for LONG TERM Investors ONLYBalaji Amines has been an excellent small cap stock which had a fabulous rally. Its fundamental is also very strong and it is one among the leaders of the segment. The stock has been correcting 35% from top but keep in mind its a falling KNIFE. Hence there are no breakout yet and you can add to your portfolio ONLY if you are looking for LONG TERM (5+ Years).
Balaji amines investment ideaAs we can see the stock is in correction mode, let it correct and complete its downside journey and buy in delivery when it reaches orange trendline but if it it closes above upper red trendline on candle close basis, then we can go long from there also.
good luck, Have patience in market it will always pay off
#BalajiAmines#BajajiAmine Swing Trade Idea
CMP: 921
Stoploss: 895DCB
Targrt: 1050
Risk to Reward: 1:5
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
#BalajiAmines#BajajiAmine Swing Trade Idea
CMP: 121
Stoploss: 995 DCB
Targrt: 1050
Risk to Reward: 1:5
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
BALAJI AMINESParallel Channel Travel
2 Divergences spotted.
Price is at decisive point
- Will it rise back inside the Channel?
- Will it fall below the Channel?
Ans: Most probably , it will rise back inside the Channel to touch the top. Lets see !
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