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.
BALRAMCHIN trade ideas
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
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.)
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.
BALRAMCHIN : Exciting Bullish Pattern AlertExciting Bullish Pattern Alert!
📊 Pattern: Rising Channel
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is around the support.
We can see huge momentum if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BALARAMPUR CHINI BREAK IN THE WEEKLY TRENDLYNE
next support is at 300 zone , a very good and strong support
i will be a buyer at 300 only
with plan to avg at around next support of 200 zones.
PBT at 113cr has grown at 331%
PAT(Q) has grown at 674%
Net Sales (Q) highest at 1539cr
fundamentals are decent and shares are strong and at decent attractive valuation.
