BALRAMCHIN trade ideas
looking interesting if do not close below 136. keep on radar!might hit 174 if do not go below 136!
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Balrampur Chinimills - news based analysisAccording to reports, on Thursday sugar prices rallied sharply with New York sugar at a new 5-month high on the outlook for a global sugar deficit. Reduced sugar output in Thailand and Europe is likely to push the global 2020/21 sugar market into a deficit of -1.3 MMT. Thanks to the person who had posted this valuable info.
May turn bullish by July endExpecting to close above 127 by July end.Consolidation is likely to be concluded and fresh up move can be seen with a target of 164 September '20
BUY BALRAMCHIN- 5-8% Return chance in 1-2 weeksStocck is above 35 ema and has made swing.
Now it has started its move with high volume.
It will easily go upto 140.
Triangle Breakout!! TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
BD line will act as resistance line.
AC line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
Long Postion on Balrampur Chini Mills (BALRAMCHIN)Good Bullish Momentum with Volumes picking up and 20 EMA crossing 50 EMA. MACD and BB also indicating Bullish Pattern.
I am a newbie. Please guide.
BALRAMPUR CHINI REVIEWSHOWN HOW RESISTANCES BECOME SUPPORT AND VIC VERSA LET A GOOD CANDLE NOT DOJI ONE TO CLOSE BELOW CLOSE BELOW 180 CLOSING BASIS USE ATLEAST 30 MINUTE CANDLE GO SHORT TARGET MARKED OR IF IT GOES UP TARGET GIVEN FOR UPSIDE TOO
TRADE AT YOUR OWN RISK
Balrampur Chini - Long above 181The stock is near touch resistance zone, breakout only above 181 (Closing Basis) will open more space for Bulls.
Target Open,
Stoploss : 141
Buy at CMP- SL 142. Good Long opportunityMany small caps giving breakouts/buying opportunity. Always place SL
Buy at CMP- SL 142. Good Long opportunity
Buy at CMP- SL 142. Good Long opportunityMany small caps giving breakouts/buying opportunity. Always place SL
Buy at CMP- SL 142. Good Long opportunity
Possible trend for BALRAMCHINPlease do have your own analysis before investing, it is purely my view. I'm also new to stock market. having 1 year experience in equity market. started learning technical analysis few months ago. any mistakes in the analysis, please bring it to my notice because I want improve myself.
Really WEAK - ShortPrice is looking extremely week it already broke a long term daily level we can enter @ CMP for 106/100. A small pull back would a good confirmation to take trade.
