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BALAMINES

Is BALAMINES Ready for weekly trendline Breakout?Hey Family, there is a one more stock Which is showing a great opportunity and forming Descending Triangle Pattern in daily TF it's trying to breakout resistance Trendline, If Stock break's resistance Trendline then we can see a good move, let's see breakout sustain or not. Key Points * It has posted good quarterly results. * The stock has been consolidating for over a year. * It is coming up to test it's weekly trendline. One can buy this on day close above 2435. * Possible positional targets are 2400, 2700,3000 and trail. What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:BALAMINESLong
by ChartSight
BALAJI AMINES - Bullish Consolidation with VolumesNSE: BALAMINES is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 13% to 20% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:BALAMINESLong
by BrahmaBull31
1
BALAMINES - Weekly Chart Analysis, CMP-2337We are seeing a decent base formation of 47weeks and 31% range. Structure is currently LL-LH and established trend is currently down. But we are seeing no follow through and nice volumes spurts indicating some kind off activity. On a monthly timeframe if you see that the stock is resting between 23-38% fib levels which is very good. Also if you look at the current month volumes it has already reached the volumes levels of past 2 months right in the very first week of current month. Which can be seen on weekly timeframe as well. Huge spikes indicates smart money footprints. It would be very early to say that trend will change and it will start its journey on the upside. Unless we get any confirmation through price action we cannot comment on it. But it should be kept in the watchlist for the coming weeks. Once it breaks the down trend line and sustains above the current week high on good volumes we will have very first indication. Price is consolidating near the key moving averages too. which act as dynamic support. So if it manages to close above 2432 which is the current week high and sustains then 2696-2885 will be the initial levels which will be tested. And if it manages to breakout with decent consolidation and then sustain above 2885 then the structure and trend will change and upper resistance and ATH levels can be tested 4515 - 5220 thereafter. On the downside risk is on the higher side which is around 20% and this much move has to be given if we are trading on the high timeframe like weekly. So a weekly close below 1880 will negate our whole view. Disclaimer: I am not SEBI registered analyst. Also, the view shared above is my personal analysis and not a buy or sell recommendation. It is shared for learning and educational purpose. If you intend to trade or invest in this counter that i would suggest you to do your due diligence and seek guidance from your financial advisor.
NSE:BALAMINESLong
by marketmoneymohmaya
BALAMINES - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:BALAMINESLong
by TradewithAditya
Long Term Investment Prospects - Balaji Amines (Tech+Funda)Balaji Amines is backed by a strong management team which aspires to be the largest manufacturer of every chemical they produce. With the aim, currently it is undergoing continuous capex and that is why see lower profit margins. However, with an increasing capacity, profits are still growing almost every quarter (though with lower margin!). Notably, this time Balaji Amines beaten the margins of a profit margin master competitor Alkyl Amines as well. Balamines is facing adversity by industry sell off and not a company level performance problem. With a disciplined execution of management agenda, company seems to have passed over raw material price hikes well in time and that is why it continued enjoying stably high opm of 28% (compared to 18% of Alkyl). Technical indicators: 1. When drawn almost a life-time Fibonacci, it seems to be hovering between 50-61.8% levels and consolidating positively 2. When drawn Fibonacci from life time high to the low of down trend, it seems to have returned twice from 38.2% and now, taking support again at around 3100 level 3. After falling to the bottom of the downtrend, stock is consolidating in bigger range, but with positive RSI divergence every time. That is an indicator of healthy accumulation in the counter 4. If it again respects the support level at around 3100-3000, then it will become a stronger psychological support zone and hence investing at these levels is most favorable risk reward level for investing Resistances: 3230, 3390, 3450. 3740 SL: 2800 Disc.: This is not a buy recommendation. This is just for study purpose and I am not a SEBI registered advisor. I may be holding in all or any of the studies presented by me.
NSE:BALAMINESLong
by TechnoFunda_Investor
Balamines - Seems ready for the impulsive moveKey Highlights: 1. Bounced off from the flip level. 2. Rebounded from 200 MA. 3. Some increase in volume. 4. Shift in market structure on LTF . 5. Look for pullbacks on lower time frames and enter accordingly. 6. Good movement expected on closing above 3400. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)
NSE:BALAMINESLong
by johntradingwick
Target 3 (80%) achieved in Balaji Amines. Target 4 is ON...This is follow-up on Balaji Amines. Can check link to related ideas. Target 3 achieved. More than 80%. Target 4 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. 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 advisor before taking any trade.
NSE:BALAMINESLong
by MandeepSinghKohli
2
Target 4 (91%) achieved in Balaji Amines. Target 5 is ON...This is follow-up on Balaji Amines . Can check link to related ideas. Target 4 achieved. More than 91%. Target 5 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. 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 advisor before taking any trade.
NSE:BALAMINESLong
by MandeepSinghKohli
1
Target 1 (56%) achieved in Balaji Amines. Target 2 is ON...This is follow-up on Balaji Amines. Can check link to related ideas. Target 1 achieved. More than 56%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. 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 advisor before taking any trade.
NSE:BALAMINESLong
by MandeepSinghKohli