Balrampur Chini, 1D TFThe price is retesting its previous resistance & can bounce from here giving a decent RRR.
BALRAMCHIN trade ideas
CHANNEL BREAKOUT RETEST AND READY TO ZOOMWITH A SL OF 160 ON CLOSING BASIS CAN GO FOR IT FOR A TGT OF 179
Balrampur chini mil parallel Channel bullish BO 1 hour chart has already shown a breakout of a parallel Channel. now target will be 175/182/197/215.
Though this is an undervalued stock one can accumulate at 169/164 and 158 levels.
BALRAMPUR CHINI -swing trading -short termSugar shares latest news
Balrampur Chini Share Analysis | Breakout
Balramchini at important level Weekly chart. Price is consolidating at very strong weekly resistance zone, also corresponding to 0.786 retracement. Can break out the level and go up. Closing above resistance level can be good for long entry. For educational purpose.
Balrampur Chini Trading Idea Rectangle breakout level is at 165, however there is a historic resistance at 169. Wait for breakout with good volumes . Consistent delivery volumes above 40% ever the last 4 weeks.
Buy : 169-171
Target : 182
SL : 162.50
Thanks!
SHORT ONCE PRICE BREAKS SUPPLY ZONEThis script has broken the trend line and taken good support on supply zone,if it breaks participate in pullback
Balrampur Chini - Potential breakout candidateWith Sugar as a commodity showing good strength, sugar stocks could potentially break out in the near future.
Watch out for the group overall.
Balrampur Chini would be a good buy above 167.50. SL below 160.
Keep on watchlist and watch out for a breakout.
#BALRAMCHIN WEEKLY CHART VIEW!!#BALRAMCHIN WEEKLY CHART VIEW!!
Balrampur Chini Mills Ltd. The stock price maintaining flattish sentiment based negative momentum trading with in rectangle pattern.
As of now 165.50 should consider as possible resistance on the upside.
Breakout above 166 can extend prior up move more on the upside.
On the lower side , 147-145-140 should maintain as strong supports.
Balrampur chini mills ltd in Elliot WavesBalrampur chini is clearly following elliot wave paterns with 5 impulse waves and corrective waves, we can see a start of 3rd Wave in the stock. The 3rd wave will also have up ward and down ward movement with a potential upside of 35 - 45 points.
1st wave had an upside of 50 points from 85 to 135
2nd wave had and upside of 40 points from 125 to 165
3rd wave, from the movement of internal impulse waves we can guess the upside of 3rd wave so watch and trade accordingly.
With the festival season around the corner we can expect a demand in domestic sugar consumption and with Covid the use of sanitizers every where the company also increased its production of ethanol.
Watching..Looking for a breakout from Down-sloping trendline since January to go long..if fails, could retrace to 50% fib levels, again a watch out levels for a buy. Momentum measured through RSI in the stock indicating a bullish scenario.
#BALRAMCHIN WEEKLY CHART VIEW#BALRAMCHIN WEEKLY CHART VIEW
Balrampur Chini Mills Ltd. The stock price continues consolidation with in a rectangular formation with marginal positive closing.
Technically 5Ma: 152.10 should consider as immediate resistance and 140 (50MA) as support.
Breakout from consolidation 25 points range where on the upside 165 is resistance and down side 140 support should unfold fresh clarity in the momentum.
Balrampur ChiniTested Support two times and also China pseudowar conditions will affect export can see level below 120
