DAILY 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...
Buy At Cmp 212.6 Add More If Price Fall To 185-190 Strict SL - 155 (WCB) Target - 400
Technically Speaking Thu=is stock is looking good for long term investment or even for positional trades ONLY FOR EDUCATIONAL PURPOSES
Safe and sweet heaven for investors who are looking to park fund for long term. Expect 2x in long term.
Balrampur Chini good for swing trading Buy: 185-188 Target - 200 Time Frame - 10 Days
Price 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
Multiyear 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.
Blarampur chini taking suppot at previous resistance
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Ref chart Vijayaraghavan, Kovilpatti
Balrampur 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,...
ONLY FOR EDUCATIONAL PURPOSE Always trial your STOPLOSS
AS ON FRIDAY BALRAMPUR CHINI CLOSED WITH MORNING STAR SIGNAL .. SO WE CAN FIND AN OPPORTUNITY ON MONDAY !! EDUCATIONAL PURPOSE ONLY !!!
SHOWN 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
The stock is near touch resistance zone, breakout only above 181 (Closing Basis) will open more space for Bulls. Target Open, Stoploss : 141