Balrampur chini Trending on the support zone. Upside tgt capped to 140 -145 levels , maximum down side 99-100 . Import duty news have died down now. simple view stockdada.
BALRAMCHIN trade ideas
Long :Coming out of RSI Oversold zone rewarded well alwaysI've observed that every time stock comes out of RSI oversold zone it makes nice up move. On the chart it has always rewarded well. I've excluded 2 incidents because it was done with spike bar. Let's use this information and expect that history repeats again and reward us reasonably.
Would this prove Sweet...?My Disclaimer -
I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and responsibility and I or anyone associated with me shall not be responsible for any instances whatsoever.
Trading or investments are financial decision and should be taken in light of all risk involved and on advise of a qualified, certified and registered professional advisers.
Please do not TRADE until you have made your study or taken a piece of advise.
Thanks.
BALRAMCHIN: Is Pull Back Started....All mentioned & plotted on Chart.
My personal View.
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
Bullish Divergence ....Short term BUY at CMP for target of 140Bullish Divergence ....Short term BUY at CMP for target of 140
Watch out buy On Reversal Selling Continue is very dangerous Watch out this level , if i find the reversal i will be going long , its too much of selling is done on this stock
Stop would be Reversal day Low -2 Points CLB
Sugar stocks getting battered - Balrampur ChiniSugar stocks getting battered - Balrampur chini near Old breakout ATH support.
Bounce from here can be good risk reward.
Balrampur Chini Bullish ABCD/Triple Bottom + HammerBalrampur Chini Bullish ABCD/Triple Bottom + Hammer
Long Above 147 with 140 as SL
T1 - 150
T2 - 155
T3 - 160
T4 - 164
Bullish Wolfe Wave : BuyThe stock has nicely formed Wolfe Wave pattern and today's engulfing makes it a candidate for long. One can buy the stock for a target of 170 by providing a stop loss of low of today on closing basis.
BALRAMPURCHINI - Short term move expectedINTRADAY- Buy Balrampurchini above 172 SL 168.5 Tgt 174.50-175/178
(CMP 168) (06 Nov 2017)
#BALRAMCHINRequires a C>175.30 And H>182.50 with a strength candle
by end of the week (3/11/2017) to move further up.
Target 235 / 320
SL 150
Volume Surge
CCI D/W/M >100
Balrampur Chinni - Sell opportunityStock did not hold new highs for long with divergence on RSI. Stock can be sold near the channel shown in chart (163-165). Keep trading short until the channel is taken out.
Balrampur Chini festive seasonSupport and Resistance zones identified
Sugar demand will be up in North India due to ongoing festival season
Target and SL as mentioned
Balram Chini - Symmetrical triangleBalram Chini has made Symmetrical triangle pattern, now it is on the verge of break out.
Above 167 go long for target of 177. Below 162 go short for target of 152.
Balrampur chini : breaking 52-week high (probability)The scrip has seen strong price action (surge) today with increase in buying volume and about to break resistance (c) level, 52 week high
Ascending channel seen in formation
Declaration of good Q1fy18 result YoY
www.indiainfoline.com
Balrampur ChiniThis stock follow Gann Angles very effectively, Hence all good till it does not close below 148
Target 170 and more.
Small SL hence take the trade or keep holding.
Balrampur Chini - Short Trendline looks to have broken now and price is facing stiff resistance around 158-160. One can go short for first target of 145-146. SL above 160.
balrampurchini stock is in tremendous upmove, stock is in good momentum and ready to break 2009 high of 168 .
also stock is trading at a pe of 6.05 against the industry avg pe of 19.
we might see a big upside.
daily view
weekly outlook
buy for 200 target
sl 157
BALRAMPUR CHINI - STRUGGLE ON HIGHsExpecting movement in the stock.
2 very big gap ups ;
and now slow slide downwards.
Expecting levels of 152.
