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,...
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)...
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.
![BALRAMCHIN: Simple Trade Setup | BALRAMPUR CHINI | 27-01-2022 [INTRADAY]](https://s3.tradingview.com/9/9F63nAW1_mid.png "Simple Trade Setup | BALRAMPUR CHINI | 27-01-2022 [INTRADAY]")
