BALRAMCHIN - Weekly AnalysisIn the Weekly Chart of BALRAMCHIN ,
we can see that, it is leading towards Cup & Handle breakout.
Expected momentums are shown in chart.
BALRAMCHIN trade ideas
Balrampur Chini Date 12.07.2024
Balrampur Chini
Time frame : Day chart
Remarks : Any favorable/non favorable take on budget day on m.s.p. or ethanol will push for aggressive momentum either side
BALRAMCHIN break outBALRAMCHIN breaks out after 6 months of consolidation. break out level is 421.
target 1 - 465
SL - 404
follow risk reward
Disclaimer -
videos, presentations, and writing are only for educational purposes and are not intended for investment advice. I can't promise the accuracy of any information provided. please consult with your financial advisor.
Amazing breakout on Weekly / Daily Timeframe - BALRAMCHINCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Time to buy sugar stocksBalrampur Chini CMP 400
Yet another example of a dip from previous highs. The correction is done in my view nd is offering a good opportunity to buy.
Inverse Head and shoulder formationClear breakout in weekly time frame. Minimum 458 target will expect in next two to three weeks. This is for educational purposes only.
BALRAMCHIN | Yet another Cup & Handle is in makingBALRAMCHIN | Yet another Cup & Handle is in making with good risk reward
CMP : 400 (Dip : 350)
balrampur sugarharmonic progress is on!! a callisical fib retracement has been seen on weekly chart! target is on!!
Balrampurchin reversal from strong support zone Stock has reversed from strong support zone, and squeeze momentum is showing strength
Stock should move till 485 levels from where the fall started, untill 340 is held on daily levels this movement will hold.
Do your due analysis before taking positions.
This is not a call, this is just a view on price movement based on price action and squeeze momentum.
#Balrampurchini cash : Looks good above 410.10#Balrampurchini cash -Positional call
29.04.2024
Looks good above 410.10 and
more above 430.10
For 470/500/550
Cmp 402
Balramour chini Short 365.65Prices 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
BAKRAMCHIN 01-04-2024Happy 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 purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Balrampur Chin 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.
Balramchini UPDATEBalramchini UPDATE to previous idea share looking good , just having small halt filling liquidity , once that is don it is good for up trend
GOING IN TO THIS TRADE BALRAMPUR CHINI MILLsGOING IN TO THIS TRADE BALRAMPUR CHINI MILLs , let me know your thoughts in the comments
BALRAMPURCHINI Ready for 20% upmove before ElectionsBALRAMPURCHINI 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.
BALRAMCHIN : Added onto the position 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 attached underneath. Check that out.
BALRAMPURCHINI-Likely rounding bottom B/OUTBALRAMPURCHINI: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)
Buy for target of 450Buy for target of 450 with sl of daily close below 385
Time frame 1 month, can take option or futures positions
BALRAMPUR CHINI LOOKS SWEET | TRADING NEAR DEMAND ZONEBalrampur 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!
Balampur ChiniNSE: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 22.90
Disclaimer :
Please note that this is a general idea and it is recommended to trade at your own risk.
BALRAMCHINI ANALYSISBALRAM 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
