BALAMINES trade ideas
#BALAMINES WEEKLY CHART VIEW!!#BALAMINES WEEKLY CHART VIEW!!
Balaji Amines Ltd. is trading at the weekly support area and witnessed a sharp bounce from the weekly lows.
Technical parameters look quite strong as of now and likely to stay positive till it stays above 900 level on the closing basis.
Keep a close watch.
BALAMINES Setup in lower running channelNSE:BALAMINES Levels already mentioned..
Note:
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#BalajiAmines#BajajiAmine Swing Trade Idea
CMP: 921
Stoploss: 895DCB
Targrt: 1050
Risk to Reward: 1:5
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
#BalajiAmines#BajajiAmine Swing Trade Idea
CMP: 121
Stoploss: 995 DCB
Targrt: 1050
Risk to Reward: 1:5
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
BALAJI AMINESParallel Channel Travel
2 Divergences spotted.
Price is at decisive point
- Will it rise back inside the Channel?
- Will it fall below the Channel?
Ans: Most probably , it will rise back inside the Channel to touch the top. Lets see !
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Pullback Trade in Balaji Amines LtdBalaji Amines has all time high breakout at Rs 780. Share touch high of almost Rs 994 and Now, the share is trading at Rs 831. Its good opportunity to take a pullback trade. Company is related to chemical sector which already outperforming NIFTY and gives high returns in the last three years. This company had provide good fundamentals results in the past and good results are expected in the coming Quarter. There is high probability that share can move in upward direction and provide the 25-30% return in the short term trade. Jai Bharat