Early Bullish signals in BALAMINESBALAMINES seems to be in the last phase of its consolidations. Volatility is contracting, Volumes are drying, Cup and handle pattern. High volumes on a bullish day and low volumes on bearish days show accumulation. Good to buy if 3844 is broken with good volume. An Early cheat point for risk takers is 3720. This seems to be very explosive stock to hold for a long swing.
BALAMINES trade ideas
Flag Pattern LongToday I picked Balaji Amines because, it broken Flag pattern on closing basis. The following factors are considered by me for picking this.
1. High Volumes at breakout.
2. Flag pattern breakout
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
[Resistance line Breakout] Keep watch and wait 4 retest and buy.Check if the resistance breakout becomes the support line by waiting for retest.
if retest is successful then this stock will rise till the new resistance line (RED colour)
So Now just its waiting game to check if retest happens.
Its also possible that stock might directly move to new resistance line.
Note that the volume is good. So if you wanna take lil risk then better to buy it tomorrow at CMP
BALAMINES - Bullish Swing Reversal with demandNSE: BALAMINES is looking for a reversal swing supported with high 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 with the trendline support over the past few days which is creating the uptrend.
One can look for a 9% to 12% 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
Disclaimer:
This is for educational purposes only.
BALAMINES - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Buy Today, Sell Tomorrow: BALAMINESDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in BALAMINES
Buy Today, Sell Tomorrow: BALAMINES
BALAJI AMINES LTD - Bullishness?Balaji amines Ltd gave resistance breakout with Good volume and made a retest. One can go long above day high with stoploss below the retest low.
Disclaimer :- I'm not SEBI registered analyst. This is my personal view. Information given is for educational purpose only.
Do your analysis before investing.
Have the market aroused the sleeping 'LION' !!!The heading justifies the stock correctly and chart also indicate that
lion is ready to roar once again after a pause of 7 months.
Here, lion is referred as Balaji Amines who was asleep from last 7 months
after steep fall but, now it seems that market has aroused the sleeping lion.
Descending triangle was under construction since last 7 months and finally
we're witnessing breakout from the pattern with rocket volumes and RSI breakout
which further indicates that the sleeping period is over.
Balaji Amines - Something CookingThe stock seems to be showing super relative strength compared to the market + High volume on green days.
The stock recently broke a downward slowing trendingline and also today crossed the AVWAP of the entire downmove..
Watch for this stock at or around the results.
Long at current market price on a smaller allocation with a stoploss around 3150..post result can double up and shift SL to original cost.
Balaji Amines LongChart -> Balaji Amines Daily
Descending triangle breakout in Balaji Amines can lead it to the next levels.
CMP: 3320
Good to buy around: 3200
Targets: 3500, 3718, 3940
SL: 3086
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
SymmetricalTriangle Breakout Balamines #Symmetrical #Triangle #pattern (continuation patterns) #Breakout at #Balamines (Balaji Amines Ltd) weekly chart.
What Is a Triangle?
A triangle is a chart pattern, depicted by drawing trendlines along a converging price range, that connotes a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns.
Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed. For example, if an uptrend precedes a symmetrical triangle, traders would expect the price to break to the upside.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.