High was made on one month before at 17-01-2020. Since than under consolidation now spike may be seen above 179. SL can be kept at 168 levels.
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,...
The stock is near touch resistance zone, breakout only above 181 (Closing Basis) will open more space for Bulls. Target Open, Stoploss : 141
So Sugar did give the breakout that I was anticipating. Earliest targets could be the previous 240 highs and it could go beyond- probably as a corrective upmove . For fresh longs, waiting for a pull back or a corrective structure seems to be a good idea!
Structure Target 180. Stop loss of 100.
UTTAMSUGAR is a buy on NSE (UTTAMSUGAR) at 148 with SL of 137 and Target of 220
Sugar is very low and reached a strong support about 10. Therefore there is a potential for bullish mood in the market. Bull spread SBH19-SBK19 offers an interesting opportunity, when a price will make a correction to -0,20 and then up again to 0,00.
Sugar is very low and reached a strong support about 10.
BALRAMCHI is unable to take out its previous highs which suggests its a Shorting Opportunity. Sell BALRAMCHI at 73.25 with Stop-loss of 76 and Target of 62
Trending on the support zone. Upside tgt capped to 140 -145 levels , maximum down side 99-100 . Import duty news have died down now. simple view stockdada.
On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels....