Prices went about moving averages but fell from major S/R zone which was also very near to POC of Volume Profile for current downtrend
Prices are below value area and rejection from moving averages on 18th as well suggests further fall for the stock
one can trade with 1R as initial tgt and eventually aiming 343 levels
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from support area and breakout resistance. And from Parallel Channel.
2) we can enter at CMP (OR) if comes between 365-370
range its good for the targets.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational...
There is a one more stock Which is showing a great opportunity Wedge formation in Balramchin what is your view please comment it down. We are NISM 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.
BALRAMPURCHINI Ready for 20% upmove before Elections
BalramPURCHINI is following Daily Channels since few months & out from downtrend. Uptrend should start & can see come Sharp upmove in coming few weeks.
LTP - 392
SL - 375
Targets - 490+
Happy Investing.
Added onto the positions at 384.95 for about 1.25% of the capital. With this entry the total allocation in this stock reached about 2.5% of the net capital.
Expecting a potential upside move of about 25% in the near term.
Will not be adding anymore into the stock, even if it crashes further, as per my risk management rule.
Previous post related to this stock is...
BALRAMPURCHINI:After a reasonable consolidation has bounced bk and in the process formed a rounding bottom pattern.Sustaining above 415 levels as per the pattern likely to test 430+(For educational purpose only)
Balrampur Chini is trading near it's demand zone and it has taken support from this zone multiple times. The risk reward looks good on the Long trade, Buy around 380 - 350 and hold for the target of 460 - 475 until 350 in intact on the closing basis.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
NSE:BALRAMCHIN
Long trade in BALRAMPUR CHINI.
Best buy: 395+ or after the breakout of the triangle pattern ie.420+
Stop Loss: Below 370
Targets: 430/460/520
Reasons to Buy:
The trend line has always been a reliable support system, and it has proven its consistency time and time again.
Good support from the 52weeks moving average
Good PE ratio of...
BALRAM CHINI IS Currently at 400
goverment lifts ban on use of sugarcane juice to product ETHONAL; Caps diversion at 17 lakh in 2023-2024
Balramchini is currently at Manupulation phase \
up side BULLISH target is 1055
Hello All,
I am presenting my analysis and approach for a short-term bullish positional trade opportunity in BALRAMCHIN. There is a good short-term bullish swing trading opportunity presenting itself in this fundamentally strong scrip.
Trade validity: Week of 11th December 2023
Entry: 388
I will watch how the stock reacts to the green trendline on the hourly...
Pattern Analysis- A V shaped fall is a directional signal and an indication of extreme weakness. The rally here nearly to the highs was an opportunity to exit.
Fib Anlaysis- The stock held on to the Fib confluence at 380. Below this it get very weak.
MA- The stock has taken the longer MA as support. So this zone is critical, below this the selling will...
Exciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is around the support.
We can see huge momentum if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BREAK IN THE WEEKLY TRENDLYNE
next support is at 300 zone , a very good and strong support
i will be a buyer at 300 only
with plan to avg at around next support of 200 zones.
PBT at 113cr has grown at 331%
PAT(Q) has grown at 674%
Net Sales (Q) highest at 1539cr
fundamentals are decent and shares are strong and at decent attractive valuation.
