Looking Very Strong For Longterm Investment 📊 Bannari Amman Sugars
✅ The stock has recently broken out above a massive 18-year-old resistance trendline, a highly significant technical event. This breakout from such a long-term resistance level indicates a major shift in sentiment and could lead to substantial upside as the stock enters a new growth phase.
✅The stock is comfortably trading above its 50 EMA and 100 EMA reinforcing the bullish trend. These EMAs are acting as dynamic support further validating the strength of the recent breakout. A pullback to these levels would likely attract fresh buyers.
✅ The breakout has been accompanied by a noticeable increase in trading volume, suggesting strong buying interest. Such volume behavior typically reflects institutional participation which is essential for sustaining a long-term rally.
✅ The RSI currently stands at 59 well below the overbought zone, suggesting ample room for further upside. The RSI has shown consistent strength indicating that the stock is building momentum for a continued upward move.
🚨 Following the breakout the stock’s immediate target is 4000 with a potential extension towards 4200 if the bullish momentum continues. These targets are based on the breakout projection from the previous resistance zone.
🚨The 3000 level now acts as a critical support having served as a resistance before the breakout. Any pullback towards this level should be seen as a buying opportunity especially for long-term investors aiming to accumulate shares.
🚨 The breakout above an 18-year resistance line is a powerful signal marking the beginning of a potential long-term uptrend. The combination of strong support from EMAs volume confirmation and favorable RSI levels makes Bannari Amman Sugars Ltd an attractive choice for investors seeking long-term growth.
BANARISUG trade ideas
short term trading opportunity in Bannari Amman for 20% upsideHi,
NSE:BANARISUG has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
Buy Call for BANARISUGsymbol BANARISUG
company BANNARI AMMAN SUGARS LIMITED
type long term & swing trade
price 2698.8
date of entry 21-02-2024
risk market slowdown
BANARISUG Potential trade set up1. Trend: Bullish
2. Price is in retracement
3. RR: 1:5+
4. SL: wait for 2 weekly closing
BANARI SUGAR its just a view ,educational purpose only,,simple candlestick ORB strategy with volume based,
i will buy above the blue line tomorrow EOD may be(3:25PM)
SHORT TERM SWING STOCK
Neat triangle breakout, Bullish 1. 200 Ema supporting a bullish jump
2. Triangle closing in to a tight constriction
3. Bollinger squeeze ON
Lets go to a new all time high !
Bannari Amman Sugars LimitedBANARISUG:- The stock has formed a head and shoulders pattern and has given a breakout and is moving back upside after retesting.
Keep an eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
A LONG SETUP CAN BE SEEN IN THE BANARISUGAs we can see a stock is our sold ,bellow RSI 25 and PCD divergence can be seen
Inside hiken achi body can be seen
ATR is below its average
And as we can be seen in one time frame higher
Buy Today, Sell Tomorrow: BANARISUGDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in BANARISUG
Buy Today, Sell Tomorrow: BANARISUG
BANNARI AMMAN SUGAR BULLISHFlag Pattern Breakout in Weekly & Monthly Timeframe. Minor trend will act as a good support to go long!!
Bannari Amman (Nse) SugarsEducational idea
Bannari Amman (Nse) Sugars looking good with given level
and trying to catch near retracement zone.
formed double bottom and given breakout retraced near breakout area.
Bannari Amman Sugar - 3.5yr H&S BO w/volBUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
STRONG BASE FORMATIONStock was consistently trying to come out from major supply zone and this time it looks like stock is ready for big upside
BANARISUG #BANARISUG (D):-2194.25 CMP, Trading into an Ascending triangle in the daily time frame finally broke the channel yesterday..
Made High of 17.5% returns in one trading session 💥💥💥💥💥This scrip was posted yesterday at 1940 and it made high of 2279 which is nearly 17.5 % returns in just one trading session. I hope all our followers had benefited from this post. Kindly like nd share it to your friends. Thanks to all 🙏🙏🙏
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Expecting Breakout on the verge of breakout ✌✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Banari amman sugar - Bullish - Target : 10 %Self Explanatory Figure.
If the price breaks above 2180, Can expect further uptrend of 30 %.
Expecting Breakout ✌✌✌This scrip is expected to give breakout as it has formed a beautiful pattern. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏
BANARISUGAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Flag breakout in Daily Chart - BanariSugNSE:BANARISUG
Stock had made a strong candle to clear the breakout. So bullish momentum for now.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
