Balrampur Chini : Expecting Bounce backWith market back in strength
expecting a bounce back from 580-85 levels
View negated below 570
RR looks promising
Currently in HH-HL
Waiting for entry candle
Balramchinibuy
BALRAMCHIN: BALRAMPUR CHINI MI PRICE Hello,
Welcome to the quick update of BALRAMPUR CHINI MILLS. The company looks good fundamentally and technically and can be taken into consideration for our Portfolio.
It has broken the channel in 4hrs timeframe. As of now, it is trading at around Rs 349 and looks good for mid-term holding for a target of 20%-40%.
ENTRY between 319 to 328
Target: 378, 402, 455, 521
SL: 291
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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BALRAMPURCHINI looks likely to go down in upcoming weeks!!The structure showing weakness near the uppertrendline, If breaks 303- More downfall till 200 is possible, but that's for a little longer term. For now it can give one more upside trying to form H&S. I WOULD NOT MAKE ANY FRESH POSITIONS!
Balramchin Long term BUYBalramchin long term HOLD
if break support line exit, very good risk reward ratio
