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Balaji Amines Limited

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BALAMINES trade ideas

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
NSE:BALAMINESLong
by Kapil-Mittal
2
Long Term Investment Prospects - Balaji Amines (Tech+Funda)Balaji Amines is backed by a strong management team which aspires to be the largest manufacturer of every chemical they produce. With the aim, currently it is undergoing continuous capex and that is why see lower profit margins. However, with an increasing capacity, profits are still growing almost every quarter (though with lower margin!). Notably, this time Balaji Amines beaten the margins of a profit margin master competitor Alkyl Amines as well. Balamines is facing adversity by industry sell off and not a company level performance problem. With a disciplined execution of management agenda, company seems to have passed over raw material price hikes well in time and that is why it continued enjoying stably high opm of 28% (compared to 18% of Alkyl). Technical indicators: 1. When drawn almost a life-time Fibonacci, it seems to be hovering between 50-61.8% levels and consolidating positively 2. When drawn Fibonacci from life time high to the low of down trend, it seems to have returned twice from 38.2% and now, taking support again at around 3100 level 3. After falling to the bottom of the downtrend, stock is consolidating in bigger range, but with positive RSI divergence every time. That is an indicator of healthy accumulation in the counter 4. If it again respects the support level at around 3100-3000, then it will become a stronger psychological support zone and hence investing at these levels is most favorable risk reward level for investing Resistances: 3230, 3390, 3450. 3740 SL: 2800 Disc.: This is not a buy recommendation. This is just for study purpose and I am not a SEBI registered advisor. I may be holding in all or any of the studies presented by me.
NSE:BALAMINESLong
by TechnoFunda_Investor
Balaji Amines ready for the uptrend!🤩💸🔥Buy Balaji Amines for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . ✔️ Technically & Fundamentally Strong💪💪 The company recently posted an Amazing Q3 Result. . ‼️ Already in a long term uptrend + High volume buying near the support level & 200 ema + Amazing Q3 result. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:BALAMINESLong
by technofunda_trader
1