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
Balramchinlong
short term trading opportunity in Balrampur Chinidoe 20% upsideHi,
NSE:BALRAMCHIN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
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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BALRAMCHINBALRAMCHIN
CMP 386
Can go 440-460 Range (Abv 395 can move fast)
Invalid below 365
Weekly breakout
Simple Trade Setup | BALRAMPUR CHINI | 27-01-2022 [INTRADAY]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.
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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) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BALRAMPUR CHINI MI
Target:- 423
Stoploss:- 352
Duration:- 3 to 4 Weeks ✅✅
The stock has already take support and showing a bullish candle, which is an indication of going upside, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
Balrampur Chini "Range Breakout"Buy At Cmp 212.6
Add More If Price Fall To 185-190
Strict SL - 155 (WCB)
Target - 400
Long Postion on Balrampur Chini Mills (BALRAMCHIN)Good Bullish Momentum with Volumes picking up and 20 EMA crossing 50 EMA. MACD and BB also indicating Bullish Pattern.
I am a newbie. Please guide.
