BALRAMPUR CHINNI MILLS Daily Chart Analysis 26.11.2021BALRAMPUR CHINNI MILLS as per daily chart analysis has come back to its consolidation zone. However one can see a fresh buying opportunity only after full correction completed.
Balrampurchini
BALRAMPUR CHINNI MILLS Daily Chart Analysis 23.11.2021Balrampur Chinni Mills as per daily chart analysis its a highly consolidation stock. Once the stock breaks resistance 328 level and sustains above 330 level then the target 350 is achievable. Holding the stock and Happy Trading to All.
BALRAMPUR CHINI MI
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.
EIDPARRY Will Give Good MomentumEIDPARRY
Buy - Above 420
Sl - 410
Target - 440 460
Sugar Stocks have potential.
BALRAMPUR CHINI Potential Breakout View.BALRAMPUR CHINI Potential Breakout View. The Volume looks good, the RSI has given a range breakout and 60 Crossover. We can also see a Bullish Divergence here.
BALRAMCHIN - Swing trade - Channel patternLooks good for an upside 8-10% gain with 5% SL below the lower trendline.
DAILY SWING CALL // Wednesday 05th of May 2021 // BALRAMCHINDAILY SWING CALL // Wednesday 05th of May 2021 // NSE:BALRAMCHIN
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 298.95
TARGET: 245+ (15% Around)
STOP LOSS: 270 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Balrampur Chini "Range Breakout"Buy At Cmp 212.6
Add More If Price Fall To 185-190
Strict SL - 155 (WCB)
Target - 400
Balrampur ChiniSafe and sweet heaven for investors who are looking to park fund for long term. Expect 2x in long term.
Balrampur Chini for SWING TradingBalrampur Chini good for swing trading
Buy: 185-188
Target - 200
Time Frame - 10 Days
BuyPrice looks to test 250+ in short time frame. Holding 180 on DCB is important for upmove to continue.
Disc : it's not an investment advice to buy or sell
Balrampur Chini MillsMultiyear breakout in monthly charts .
Rounding bottom pattern.
Demand supply mismatch in Sugar globally.
Increased Sugar production by 20% in last few months.
This can add the stock price surging towards target of 370-392.
Balrampur chini mills ltd in Elliot WavesBalrampur chini is clearly following elliot wave paterns with 5 impulse waves and corrective waves, we can see a start of 3rd Wave in the stock. The 3rd wave will also have up ward and down ward movement with a potential upside of 35 - 45 points.
1st wave had an upside of 50 points from 85 to 135
2nd wave had and upside of 40 points from 125 to 165
3rd wave, from the movement of internal impulse waves we can guess the upside of 3rd wave so watch and trade accordingly.
With the festival season around the corner we can expect a demand in domestic sugar consumption and with Covid the use of sanitizers every where the company also increased its production of ethanol.
BALRAMPUR CHINI REVIEWSHOWN HOW RESISTANCES BECOME SUPPORT AND VIC VERSA LET A GOOD CANDLE NOT DOJI ONE TO CLOSE BELOW CLOSE BELOW 180 CLOSING BASIS USE ATLEAST 30 MINUTE CANDLE GO SHORT TARGET MARKED OR IF IT GOES UP TARGET GIVEN FOR UPSIDE TOO
TRADE AT YOUR OWN RISK
Balrampur Chini - Long above 181The stock is near touch resistance zone, breakout only above 181 (Closing Basis) will open more space for Bulls.
Target Open,
Stoploss : 141
BALRAMPUR CHINNI || SWEETNESS MIGHT TURN SOUR!Balrampur Chinni might have completed the upmove in the present cycle and could distribute before moving down. One may close long positions and initiate shorts on rise with a potential dip towards 117.
A converging MACD on the downside and a dip in RSI from overbought region back the call.
Balrampur Chini : Sweet Pill Cup and Handle formation is clearly visible on weekly and daily chart. Daily chart is on breakout and today's close above 123 will confirm it. Buying cab be done around 122-123 level with stop loss below 110 (closing) for target 135 -150 - 180. Global shortage in sugar could be the reason for move in sugar stocks but shortage is majorly contributed by Indian subcontinent. Any supply of carry over stock could be threat to global sugar rally. Stop loss is strictly advised to play as per technical pattern.
