Similar to Tata Steel, Balrampur Chini has given an Inclined trendline breakdown. If this bearish moment continues 362-366 will act as the strong support zone. The view is just the education purposes.
NSE:BALRAMCHIN Observations: 1) On 1 day time frame, we can see it is between support and resistance range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 27-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2)...
Buy At Cmp 212.6 Add More If Price Fall To 185-190 Strict SL - 155 (WCB) Target - 400
Balramchin long term HOLD if break support line exit, very good risk reward ratio