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BALRAMPUR CHINI MILLS LTD.BALRAMPUR CHINI MILLS LTD.BALRAMPUR CHINI MILLS LTD.

BALRAMPUR CHINI MILLS LTD.

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BALRAMCHIN trade ideas

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. :-)
NSE:BALRAMCHINLong
by Yoyohoneysingh93
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.
NSE:BALRAMCHIN
by anto1989
Balrampur Chini short-term bullish swing trade opportunityHello All, I am presenting my analysis and approach for a short-term bullish positional trade opportunity in BALRAMCHIN. There is a good short-term bullish swing trading opportunity presenting itself in this fundamentally strong scrip. Trade validity: Week of 11th December 2023 Entry: 388 I will watch how the stock reacts to the green trendline on the hourly timeframe by end of the session on Monday, 11th Dec'23. So I'll wait and watch to let the dust settle by the end of the day on 11th Dec'23. I will then look for a positional entry in the following sessions on or after Tuesday, 12th Dec'23. If the green trendline is respected, and the red trend above it is broken and the break is sustained, then the downtrend of last week could be reversing. For this, there has to be an hourly green candle that closes above 395 level. I will then wait for the price to come back down for a retest of the 388 level, just around the green trendline in the following days of the week. Stop: 385 The stop will be 385 at the green horizontal line. This will be a hard stop as I do not want to wait for the candle to close below this. (I usually set the entry and stops as trigger-limit orders for auto executions.) Target: 403 The expected target is 403 at the horizontal red line. I may exit there fully, partially, or, wait and see how the price reacts at that level for further upside with a hard trailing stop at 397. Targets beyond 403 are seen as per the thicker blue lines at 408, 416, and so on.. RRR: 5 This is a good short-term trade with a RRR of just above 5. Let's see how this plays out.. :) This is based on multi-timeframe support and resistance, trend, strength, volume, volatility, confluence, and a bit of fundamental analysis. If this looks good to you, please consider a follow. Thanks! (Disclaimer: For educational and analysis purpose only. No recommendations. I am not a SEBI registered advisor. Please make your own decisions at your own responsibility.)
NSE:BALRAMCHINLong
by MK_trader81
3
Sugar stocks under pressure!!Pattern Analysis- A V shaped fall is a directional signal and an indication of extreme weakness. The rally here nearly to the highs was an opportunity to exit. Fib Anlaysis- The stock held on to the Fib confluence at 380. Below this it get very weak. MA- The stock has taken the longer MA as support. So this zone is critical, below this the selling will increase. Volume- The stock was down 17% for the week. So this is definitely a bear candle. Now look at the volume on this bear candle, its huge. It is telling us that the bears are in control. Conclusion- Use any bounce back to exit this counter.
NSE:BALRAMCHINShort
by singh17vivek
1