ENGULFING POWER IN BALRAMCHIN LTD.Balrampur Chini has been treading in a channel for a few days.
Support and resistance are given by the channel.
If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern.
At present bearish engulfing pattern has been seen across the resistance.
So the market may go down and a little pullback may also be seen.
Thank You
@Money_Dictators
Balrampurchini
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction.
4) IEX
On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue.
5) First Source Solution
It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it.
6) Birla Soft
364-365 is a immediate breakout level. If it sustain above it then we can see up move in it.
7) GNFC
590-592 range is flip zone.
If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level.
8) Chambal Fertilizer
280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it.
9) Balrampur Chini
378 is immediate hurdle to take out.
Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall.
10) SPARC
It has to sustain above 205 level range to go bullish.
Below 200 level it will be bearish.
11) CANFIN HOMES
438-440 is breakout level
430-431 is support level at this moment.
Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels.
12) PVR
1850-1860 is immediate resistance range.
If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels.
1660-1680 range is major support range.
13) Radico Khaitan
Above 840-841 it will be bullish. It has been trading in range since long time.
Keep this on radar it can be also a good positional trade.
This view are personal.
All the best for your next trading week.
Feel free to share your suggestions/doubts if any.
Balrampur Chini Mills | Good for Long NSE:BALRAMCHIN
Cmp : 487
Try on Pullback near 462
#Study, Learn & Earn.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
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 CHINNI MILLS Daily Chart Analysis 04.01.2022BALRAMPUR CHINNI MILLS as per daily chart analysis the stock had broken resistance 243 and today it has broken the resistance 395 level. Stock Above 430 level for a target 440. As per my view tomorrow might be a bearish day after a initial rise or gap up.
Target 2 (100%) achieved in Balrampur Chini. Target 3 is ON...This is follow-up on Balrampur Chini Mills. Can check link to related ideas.
Target 2 achieved. More than 100%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.