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!
Balrampurchini
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.
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.
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.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Balampur ChiniNSE:BALRAMCHIN
Long trade in BALRAMPUR CHINI.
Best buy: 395+ or after the breakout of the triangle pattern ie.420+
Stop Loss: Below 370
Targets: 430/460/520
Reasons to Buy:
The trend line has always been a reliable support system, and it has proven its consistency time and time again.
Good support from the 52weeks moving average
Good PE ratio of 22.90
Disclaimer :
Please note that this is a general idea and it is recommended to trade at your own risk.
BALRAMCHIN : Exciting Bullish Pattern AlertExciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is around the support.
We can see huge momentum if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Breakout in Balrampur ChiniChart type - Heikin Ashi
Time frame - Swing Daily Chart
All time High - 525.90
LTP - 435.10
Note: 20% down from all time high
Breakout of the resistance level of 431 (Recent high of May)
Wait and watch the behavior of price around these levels.
The support zone 425 to 430.
Thanks
Simranjit Singh Virdi
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Wedge
📌 Symbol/Asset: Balrampur Chini
🔍 Description:
Can give breakout from here or may touch support & bounce back
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Balramchini (Balrampur chini)completed 5-0 and butterfly harmonic pattern
Buy this above 365 add more 356 closing stoploss below 345 target will 381-407-417++
BOLO JAI GAJANAND
Trade idea in Balrampur Chini Mills NSE:BALRAMCHIN
the stock is trading in a tight range formation with low volumes and the short term breakout will be on the upside cause of Bullish RSI divergence and the
target shall be upper resistance trendline and incase it breaks below the horizontal support line be ready to short for a measured move target.
All levels are marked on chart
keep learning,
happy trading!!