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Balrampurchini

Balrampur Chini Mills Ltd | Breakout & Key Levels Analysis The stock has been in a downtrend for the past few months , respecting a descending trendline. However, recent price action shows a strong breakout above key resistance levels, indicating potential bullish momentum. Key Observations: ✅ Breakout Above Trendline : Price has broken past the descending resistance, signaling a possible trend reversal. ✅ Retesting Supply Zone (532-538): The price is currently testing a critical supply area. A strong close above this could confirm further upside. ✅ Supports to Watch : Immediate support around 486-481, followed by major demand at 424-419 if weakness persists. ✅ Resistance Levels : Next hurdle around 547-550 before a potential rally toward 595-610. 📉 If rejection occurs at resistance, expect a pullback to retest breakout levels. 📈 If sustained buying continues, price could move towards higher resistance zones.
NSE:BALRAMCHIN
by Adesh_33
5
Balrampur Chini: Channel Breakout, Targeting 690Details: Asset: Balrampur Chini Mills Ltd (BALRAMCHIN) Breakout Level: 500 Potential Target: 690 Stop Loss: Below 500 or as per risk management Timeframe: Medium-term Rationale: Balrampur Chini has given a confirmed channel breakout at 500, indicating strong bullish momentum. Sustained buying could push the stock toward 690 in the coming sessions. Market Analysis: Technical Setup: The channel breakout at 500 signals a bullish continuation with upward potential. Sector Outlook: Increased demand for sugar and ethanol, along with government policies favoring the sugar sector, supports the stock’s growth. Risk Management: Place a stop loss below 500 to protect against any reversal. Timeframe: Medium-term move toward 690 expected, contingent on sustained momentum. Risk-Reward Ratio: Favorable, with a clear breakout level and strong upside potential. Watch for continued strength and volume confirmation to validate the target.
NSE:BALRAMCHINLong
by CyborgTradingHub
2
BALRAMPUR CHINI - SWING TRADE ON SHORT SIDESymbol - BALRAMCHIN BALRAMCHIN is currently trading at 610 I'm seeing a trading opportunity on sell side. Shorting BALRAMCHIN Futures at CMP 610 I will be adding more position if 630 comes & will hold with SL 640 Targets I'm expecting are 575 - 550 - 530 & below. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BALRAMCHINShort
by akshit_official
4
BALRAMCHINI & MPHASIS Showing High Rise in Future OIBalrampur Chini The stock price saw a notable decline after dropping beneath the Rising Wedge pattern. Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern. After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again. This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher. Mphasis The stock price is currently in a strong consolidation phase. The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout. To see an upward movement, the price needs to break through the 3,100 level and stay above it.
NSE:BALRAMCHINLong
by GoodluckCapital
Breakout Stocks to Keep An Eye On - Nykaa & Balrampur ChiniNYKAA The stock had been experiencing a significant consolidation period, during which it created an Ascending Triangle pattern. Following a breakout, the price initially surged but encountered resistance around the 195 level, leading to a sharp pullback. Subsequently, the stock price began to rise again but met resistance at the 187 level this time. After a brief consolidation, it developed a Cup & Handle pattern. Recently, a powerful breakout occurred, backed by substantial trading volume, indicating that the price is poised for a significant upward movement. BALRAMPUR CHINI The stock price experienced a significant pullback after it fell below the Rising Wedge pattern. Following this, it entered a prolonged consolidation period, during which it developed an Inverted Head and Shoulders pattern. After the breakout, the price initially soared but underwent a brief consolidation once more before breaking out again. This movement also marks a breakout from the Rounding Bottom pattern, suggesting substantial upside potential for the stock.
NSE:NYKAALong
by GoodluckCapital