BALRAMPUR CHINI ....BALRAMPUR CHINI ....
1 - forming falling wedge
2 - retesting done can enter now
3 - price trading above 100 and 50 ma
4 - normal rsi 53 above 60 it will move fast for
target.
5 - avg volume
buy above day high
t1,t2, t3
BALRAMCHIN trade ideas
Balrampur Chini - Daily Analysis - holding Period - 6-9 months hBalrampur Chini - Daily Analysis - holding Period - 6-9 months holding
CMP 382
buy @ cmp some qty if get @ 344-330
Targets - 415-426-474-520+
middle of support and resistance line heading up. Wait till support is reached and then buy and wait till resistance is reached again and sell then
Balrampur chiniGood to buy .giving breakout in both triangular pattern and support and resistance .only education purpose.decide before investing
Uptrend Parallel Channel in BALRAMCHINDiscription:
Stock Name: BALRAMCHIN
Chart Pattern: Uptrend Parallel Channel
Time Frame: 1 Hour
Entry: above 344+
Target : 350+
Sugar Industry: This Party Is Over Now!!Looks like party is over in sugar industry as all the major sugar stocks are looks like forming Wyckoff Distribution Schematic( or commonly known as "Head and Shoulder" pattern).
So better to avoid sugar stocks for the time being and can shift to paper industry for decent returns. As paper industry is witnessing a huge turnaround after recent plastic ban and increase in exports.
#Balrampur chini for 2-3 days : Sell below 347#Balrampur Chini -Positional call
09 Aug 2022
Good sell below 347
Stoploss 353
Target 338/332
Cmp 352.50
BALRAMPURCHINI looks likely to go down in upcoming weeks!!The structure showing weakness near the uppertrendline, If breaks 303- More downfall till 200 is possible, but that's for a little longer term. For now it can give one more upside trying to form H&S. I WOULD NOT MAKE ANY FRESH POSITIONS!
Target 2 active ON 454view my chart detail explanation....///
buy above 407 sustain and closing ..
Happy trading....\\\
BALRAMPUR CHINI for Swing TradingBalrampur chini has forming a falling wedge pattern. Also has a positive divergence with RSI. Also trading near 50-200 EMA cross. Once the golden cross is done this stock will gain a good momentum. Rise in volume is also seen. Overall all the good signs for the stock to gain few points for swing.
Buy in the range of 380- 390 with a stop of 344 for a target of 480-484 in 3-4 weeks.
strong buying 371 above sustain if price get back for retrest as per our lavel after that get confermation and take a trade for swing trade.
strong buy above 371
mention easy target - 401
stop loss 354{day closing}
BALRAMCHINBALRAMCHIN
CMP 386
Can go 440-460 Range (Abv 395 can move fast)
Invalid below 365
Weekly breakout
On the verge of breakout - balrampur chiniForming rising wedge pattern
disclaimer :- this is for demonstration and educational purpose only. this is not buying and selling recommendation
BALRAMPUR CHINI BREAKOUT DAILY TIME FRAMEBalrampur chini giving a bullish breakout on daily time frame
And this breakout is also supported by its results in March quarter net profits increased drastically and volumes and future for this stock is very bright
[ Positional ] BALRAMCHIN Risky Long Trader : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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BALRAMCHIN#BALRAMCHIN has bounced from the demand zone. Let us see how the demand zone holds. Buy with a SL below the demand zone.
Balrampur Chini Mills - Support at previous swingPrice seems to show support at previous swing low (previous month low)
also there are multiple confluences of weekly and monthly pivots.
sustaining above Previous week Low could push the price to weekly VAL and then monthly VAL (also confluences with weekly POC)
Balrampur chini time to exit or hedgeNow it's sugar stocks looking weak, time to hedge position with call writing, currently on support of ema20 bt as per rising wedge breakdown getting target around 200 round figure(specific 192.95).where it meets ema 200 and gets ready for next bounce.
Head and Shoulders Formation on BALRAMPUR CHINIThis script is forming Head and Shoulders formation on Daily and Weekly Timeframe.
We can initiate a short position on this script when a daily candle closes below 350 level neckline.
Stop loss for this trade can be placed above 380 levels.
1st Target: 290-300
if this major support of 290-300 is breached then we can see much more lower levels around 220-250.
Risk Reward for this Trade:
Target1 R:R- 1.5
Target2 R:R- 3.0
!!! This is not an investment advice and do your own due diligence before investing/trading on any script !!!
!!! This post is only for educational purposes and not advising anyone to trade on behalf of this trade !!!
Likely to breakout from the parallel channel
T- 435/450
SL: 380
Reason : Parallel channel breakout likely
Holding period : Less than 15 days.
