Potential upmove | Bottom fishing - BALAMINESThese analysis is based on bottom fishing method. Meaning that the stock shows an uprising potential from the bottom. Fundamentally it can be due to any major decisions in the management or tremendous performance shown or any such positive actions. Technically, it would have shown an upmove using MA or RSI breakout or any such analysis.
IMPORTANT : Wait for weekly close above the breakout level.
The secret sauce is not revealed here that how I pick my stocks, however the idea is shared as an educational material. This will also help me to keep a track of my accuracy in doing analysis. Hence & also, I request anyone not to take any positions based on the accuracy of my previous feeds or moving forward.
Do your own research and analysis before investing your hard earned money.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
DISCLAIMER : This is just for educational purpose. This type of analysis is equivalent to catching a falling knife. If you are a warrior, you throw all the knives back else you will be sorrow if it hits SL. Make sure to do your analysis well. This type of analysis only suits high risks investor and whose is willing to throw all the knives above irrespective of any sectoral rotation. BE VERY CAUTIOUS AS IT IS EXTREME BOTTOM FISHING.
HOWEVER, THIS IS HOW MULTIBAGGERS ARE CAUGHT
BALAMINES trade ideas
Balaji Amines - Long Term Channel - Potential breakout ahead?Balaji Amines Ltd (NSE: BALAMINES) has been moving within a well-defined ascending channel on the monthly chart. The stock has shown consistent growth, respecting both the upper and lower boundaries of this channel.
The stock has been trading within this ascending channel for over a decade. Recently, it has tested the lower boundary and seems to be gearing up for another upward move.
Watch for a confirmed breakout above the trendline shown. The upward trajectory in the channel suggests that the long-term trend remains bullish, but caution is advised if the support at the bottom of the channel fails.
If the price breaks out above the upper trend line, it could signal the start of another impulse wave, potentially testing the upper boundary of the ascending channel.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Positional or Longterm Opportunity in Balaji AminesGo Long @ 2448.1 for Targets of 2686.05, 3160.5, and 3551 with SL 2284.45
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with red color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.618 Fibonacci level.
3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.618 Fibonacci level.
#BALAMINES - Reverse H&S in the mnakingBalaji Amines
Has been consolidating for quite some time and is range bound. Both time and price correction seems done.
CMP 2317
Target 3799 (64%)
⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️
BALAMINES - Weekly AnalysisIn the Weekly Chart of BALAMINES ,
we can see that; after consolidation near support, it has given breakout, but the breakout is not strong.
Let it create a Halt Candle and then enter with SL and Target.
Expected momentum is shown in chart.
Balamines analysis for long termBalamines is going through long trendline breakout.
levels marked on the chart.
Is BALAMINES Ready for weekly trendline Breakout?Hey Family, there is a one more stock Which is showing a great opportunity and forming Descending Triangle Pattern in daily TF it's trying to breakout resistance Trendline, If Stock break's resistance Trendline then we can see a good move, let's see breakout sustain or not.
Key Points
* It has posted good quarterly results.
* The stock has been consolidating for over a year.
* It is coming up to test it's weekly trendline. One can buy this on day close above 2435.
* Possible positional targets are 2400, 2700,3000 and trail.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Watchout for weekly trendline BreakoutThe stock has been consolidating for over a year.
It has posted good quarterly results.
It is coming up to test it's weekly trendline. One can buy this on day close above 2435.
Possible positional targets are 2700, 3000 and 2400.
This is not a BUY/SELL recommendation.
This idea is for Educational Purpose only.
Learn & Earn,
Dr. Tanya Kumar
Balaji Amines - Turnaround story? Long above 2260 on the crossover of the 200EMA.
Add again above 2460 where it breaks into a new high which is also a trendline breakout of this entire downmove.
Stoploss for the first entry is 2180 and post the second entry is 2400.
Buy balamines for a target of 7200Buy balamines for a target of 7200 in one year
Stop loss - monthly close below 1880
Time frame- 12 months
Target of 2600 can be expected in 5-6 sessions
Stop loss- daily close below 2000
Balaji Amines formed big positive candle after Q4 ResultsWithing 15 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, big investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky around imp events.
Balaji Amines formed BIg candle after Q4 Results Wihin 30 mins, the stock formed a significant candle of 12%
Increased volatility around stock earnings is a common phenomenon in financial markets.
As companies release their quarterly or annual earnings reports, BIg investors eagerly anticipate the results, which can lead to heightened trading activity.
Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while Negative surprises can trigger selling pressure, leading to price declines.
Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky
Balaji Amines - Potential Double bottom PatternContra bet on Chemical Stocks, with Low Risk Setup - One can take small entry in at around 2500, while topping up once it touches 2670.
View invalid below - 2030 .
Disclaimer : Educational Content and not a recommendation
BALAJI AMINES - Bullish Consolidation with VolumesNSE: BALAMINES is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BALAMINES - Weekly AnalysisIn the Weekly Chart of BALAMINES ,
we can see that; it can give up move with W breakout.
If it gives W breakout, it will lead to Cup and Handle formation and breakout.
Trade with SL in this Volatile market.
BALAMINES - Weekly AnalysisIn the Weekly Chart of BALAMINES ,
we can see that; it has created a Decision making OR Halt candle.
Enter on breaking of high with Low as SL.
BALAMINES - Weekly Chart Analysis, CMP-2337We are seeing a decent base formation of 47weeks and 31% range. Structure is currently LL-LH and established trend is currently down. But we are seeing no follow through and nice volumes spurts indicating some kind off activity. On a monthly timeframe if you see that the stock is resting between 23-38% fib levels which is very good. Also if you look at the current month volumes it has already reached the volumes levels of past 2 months right in the very first week of current month. Which can be seen on weekly timeframe as well. Huge spikes indicates smart money footprints.
It would be very early to say that trend will change and it will start its journey on the upside. Unless we get any confirmation through price action we cannot comment on it. But it should be kept in the watchlist for the coming weeks. Once it breaks the down trend line and sustains above the current week high on good volumes we will have very first indication. Price is consolidating near the key moving averages too. which act as dynamic support.
So if it manages to close above 2432 which is the current week high and sustains then 2696-2885 will be the initial levels which will be tested. And if it manages to breakout with decent consolidation and then sustain above 2885 then the structure and trend will change and upper resistance and ATH levels can be tested 4515 - 5220 thereafter.
On the downside risk is on the higher side which is around 20% and this much move has to be given if we are trading on the high timeframe like weekly. So a weekly close below 1880 will negate our whole view.
Disclaimer: I am not SEBI registered analyst. Also, the view shared above is my personal analysis and not a buy or sell recommendation. It is shared for learning and educational purpose. If you intend to trade or invest in this counter that i would suggest you to do your due diligence and seek guidance from your financial advisor.
Balaji Amines worth trackingIf it breaches 20 EMA and consistently stays over it, then good chance of riding the breakout as amine prices and volumes have increased.
The fundamentals as shown by the QE Pro+ indicator are not good with both sales every quarter and profit too degrowing.
BALAJI AMINESBalaji Amines:
CMP: 2393
Support:2200
Best: 2350-60
Trendline and double bottom breakout on daily TF.
Stock closes above 10,21,40,50 DEMA.
RSI at 61, which indicates strength.
Volumes spiked up substantially.
NO BUY / SELL RECO.
Pls do your own analysis or consult your advisor.
Balaji amines LtdIt's taking support 0.618 level it's move to potentially first target 4035 rs second target 5000 rs above Final target 10035 rs
BALAJIAMINES DOUBLE BOTTOM BREAKOUTBalajiamines breaking double bottom pattern
with huge volume
strong rsi macd crossover
#target 2700
EDUCATIONAL IDEA
BALAMINES reversal trade set up1. Trend reversal
2. set up double bottom
3. Strength: Stronger
4. RR: 1:6+
5. Crisp and clear trade set up
