Balaji AminesRange breakout done
Keep sl of 3150 closing basis
for first target around 4000 and then ATH
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
BALAMINES trade ideas
BALAJI AMINES : FRESH BREAKOUT Fresh breakout in Balaji amines with good volume
TGT - 4000 & 4400
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
swing , positional # BALAJIAMINESTRACK FOR SWING OR POSITIONAL TRADE
KEY POINTS
1.TREND : MONTHLY UP
: WEEKLY UP
2. Taking support on Weekly time frame's swing high ( 24 may 21)
3. In daily structure is of consolidation
4. Supported by 200 day EMA
As we are in uptrend in higher time frames , so one can track for buying setup if a good BO happens.
Balamines - Seems ready for the impulsive moveKey Highlights:
1. Bounced off from the flip level.
2. Rebounded from 200 MA.
3. Some increase in volume.
4. Shift in market structure on LTF .
5. Look for pullbacks on lower time frames and enter accordingly.
6. Good movement expected on closing above 3400.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)