BUY - BALRAMPUR CHINI MILLS
CMP - Rs. 412
Target - 1: Rs. 507
Target - 2: Rs. 628
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Timeframe - 2 months - 6 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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NSE:BALRAMCHIN ,1D
Balrampur Chini Mills Limited ('BCML') is one of the largest sugar manufacturing company in India with a significant strength in the manufacture of downstream products like power (co-generation) and ethanol.
Bullish Harami(Candlestick pattern) formed and...
Balram looks good after breaking a channel resistance and closed above after 3 weeks of consolidation, so it seems to go for a long side trade in it for me, my targets and stop loss i marked up on this chart, good luck all mates happy trading.
NOTE- Only for Education Purpose.
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In the Weekly Chart of BALRAMCHIN ,
we can see that; it has given W pattern breakout.
Soon we will see Cup & Handle pattern breakout.
Enter on retest of W pattern breakout.
Hold and Go long at least till 520.
NSE:BALRAMCHIN
This stock appears to be set up for massive gains.
With a weekly breakout at 412 levels, it will continue to rise from here
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
#Balrampurchini CMP 412 seems to be forming a CnH. Quick tgt is 432 with SL of 396. But I think this won't stop here and in midterm will touch 485/520 trail SL accordingly.
Please check with ur strategies before following my views.
Stock is moving in a range from more than 1.2 years and can break the range if sustains above 410-425 range. Sl should be 385
Disclaimer- Analysis is for study purpose only. Not a buy sell signal. Take financial advice before taking any trade. Not registered in sebi.
