EID Parry’s Q4 results are not announced yet and that’s one major reason the stock hasn’t moved decisively. Once results are out of its way, it is likely to continue its journey up (unless results are too bad). Any fall towards 590-580 levels should be treated as an opportunity to accumulate. This is not a trade recommendation. Please do your own due diligence/analysis.
In the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to...
NSE: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...
Exciting 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.
A succesfull retest of breakout. Full positive outlook on to completition of Rounding bottom pattern.
Entire sugar industry rising. I like fundamentals of E.I.D Parry. Also like Dwarkesh. technically bullish. I guess inflation in sugar prices & ethanol volumes leading to stock price inflation expecting better results. Parry, Balrampur, Dwarikesh, Triveni all looking good. Rise in crude oil, less than expected monsoon all factored in shortage. Exports has been...
Hello Investors, This post purely for investors who can wait and reap the benefits at a long period. Yes, Balrampur Chinni seems long and may double its share value. But not sure how long it will take. Already it is in a consolidation since October 2021 after a good rally. Keep adding your investments if your wish for this stock instead getting frustrated...
Dhampur sugar has given a breakout from strong supply zone of 280-290. A closing above 300 today will take this stock to levels of 350, 380 and ATH++. However, this breakout might be news based and could fail as well. Commodity stocks have added risk of being extremely volatile. Have strict SL in these kind of stocks and book quick profits.
Dalmia sugar is looking good to be a part of bull run of sugar stocks. Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well. However, Commodity stocks have an added risk of being news driven so trade with strict SL. Idea shared strictly for educational purposes
monthly trendline from high which breakout at after that come to retest and now at resiatance now stock is ready for again high and ready for 100+ target in few months
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Fresh Breakout 📌 Symbol/Asset: DCM SHRIRAM 🔍 Description: Buy on Dips 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Stock is moving in a range from more than 1.2 years and can break the range if sustains above 410-425 range. Sl should be 385 Disclaimer- Analysis is for study purpose only. Not a buy sell signal. Take financial advice before taking any trade. Not registered in sebi.
- Been in consolidation for 2 years - Retesting the previous resistance - A move above 20 can trigger a new rally. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
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- Broke out of the year-long accumulation and is now moving up - Forming a range on LTF - Should move higher over the next few months Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
- Consolidation for a year - Possible accumulation schematic in formation - Retesting previous resistance Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
- Consolidation for nearly 2 years - Shallow Cup and Handle OR multiple bases - Horizontal resistance breakout supported by high volumes Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
- Expansion of an extreme narrow range - High volume breakout - Bounced off the weekly swing level Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.