The 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.
INTRADAY- Buy Balrampurchini above 172 SL 168.5 Tgt 174.50-175/178 (CMP 168) (06 Nov 2017)
Requires 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
Stock 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.
Support and Resistance zones identified Sugar demand will be up in North India due to ongoing festival season Target and SL as mentioned
Balram 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.
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
This 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.
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.
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
Expecting movement in the stock. 2 very big gap ups ; and now slow slide downwards. Expecting levels of 152.