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
Balrampur
BALRAMPUR CHINI LOOKS SWEET | TRADING NEAR DEMAND ZONEBalrampur Chini is trading near it's demand zone and it has taken support from this zone multiple times. The risk reward looks good on the Long trade, Buy around 380 - 350 and hold for the target of 460 - 475 until 350 in intact on the closing basis.
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Balrampur Chini, BearishBalrampur Chini is Bearish as peer Ichimoku. Below the resistance line since June end.
IT SHOULD CRACK.
Targets mentioned.
BALRAMPUR CHINI | 404 - 410 ZONE OF RESISTANCESBalrampur Chini has multiple resistances @ 404 - 410 on hourly chart and expected to show a fall towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Balrampurchini You can watch it
If possible do you own research
I am not sebi registered
Do your own analysis
Risk you own capacity
Balrampur Chini - breakdownStock not ale to cross 415
Multiple rejections seen at high
Distribution Phase over
breakdown below 400 will take the stock ack to 350 levels
Sell recommended at any pullback near 400 with SL above 415
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.
