Rounding Bottom buy for positional tradeThis stock gonna rock coz of nifty positiveness and fundamental factor
BALRAMCHIN trade ideas
Balrampur Chini Is Poised For A Huge Move-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up.
-Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern.
-Stock also broke above a long-term resistance line that has been tested multiple times over the years.
-Breakout was on high volume.
-Stock sustaining above 50 DMA which has acted as resistance in the past.
-Huge bullish divergence on RSI.
-Bullish divergence on Stochastic.
-Huge Bullish divergence on MACD along with MACD line crossing over 0.
-Bullish divergence on weekly MACD, RSI, and Stochastic as well.
Not n investment advice. Do your own due diligence.
Disclosure: Invested.
Long__Balrampur Chini__Positional OnlyAgain a Buy call on Balrampur Chini
(Risky but a high reward Positional Trade)
Stock is consolidating from long time and making base formation(rounding Bottom), it looks like stock is waiting for some news to move up.
usually such formation occurs when smart/informed investor buy at lower levels to make higher profits.
After announcement of MSP, govt is considering more favorable steps for chini mills & related farmers like higher prices for Ethanol etc.
Volume to increased in consolidation zone confirm some thing is cooking into the stock.
Buy with a SL of 84 and a target of 90-92 in a month.
LONG Balrampur Chini_Some news is awaitingLONG____Balrampur Chini
only for Risk Traders
Stock is consolidating from long time and making base formation(rounding Bottom), it looks like stock is waiting for some news to move up.
Volume to increased in consolidation zone confirm some thing is cooking into the stock.
as per the charts we should go long irrespective of the Market negative bias.
Long with a Intra day target of 82.5 & delivery target of 86-87.
BALRAMCHIN: In Festive Season - Sweeten Your Portfolio. SAUCER in Progress.
#1. Major "-VE" News Discounted.
#2. Maximum Contribution of MP's in LOKSABHA comes From Uttar Pradesh & Maharastra. Major Sugar Producing States in India.
.....rest details mentioned on chart.
Education purpose only.
balrampur chini watchthe red line depicts a major fibonacci level which the price had broken recently but failed to gain momentum to go any higher. If there is a break below this line a short term shorting opportunity can show itself.
BALRAMCHIN: Investment Idea for next 3 month to 6 monthBALRAMCHIN: Investment Idea for next 3 month to 6 month
Balramchini Seems Buyers are coming inside.
waiting till 80-85 to see a Saucer Cup & handle pattern is forming. keep watching
BALRAMCHI: SELL AT 73.25 Stop-loss 76 and Target of 62BALRAMCHI is unable to take out its previous highs which suggests its a Shorting Opportunity.
Sell BALRAMCHI at 73.25 with Stop-loss of 76 and Target of 62
Has Balaranpur Chini Mills Bottomed? -Stock trying to break out of a bearish channel.
-Multiple bullish divergence on RSI.
-Multiple bullish divergence on Stochastic.
-Bullish divergence on MACD.
-Stock crossed, tested, and held 50 DMA.
-Volume suggests buyers are coming in and selling pressure is cooling off.
Not an investment advice. Do your own due diligence.
Long above 75, SL 65Balrampur chini gave falling wedge breakout, and consolidating few days, above 75 should be a good long
Balrampur Chini Mills: The Bottom is In. -6 point RSI bullish divergence on the daily chart .
-3 point RSI bullish divergence on the hourly chart.
-Forming a bullish wedge on the hourly chart.
-4 point bullish divergence on daily Stochastic .
-Strong bullish divergence on MACD .
This is not an investment advice. Do your own due diligence.
Not invested yet.
BALRAMCHIN- RSI ImprovingBALRAMCHIN- RSI Improving with decreasing in the price
Buy at current price for Target 72+
BALRAMCHINPositional Buy BALRAMCHIN
CMP 70
SL Close below 64
Target 92 and more if SL is saved.
Try only small in cash, dont try in futures.
