BALAMINES trade ideas
Balaji Amines Ltd: Poised for new ATHAfter consolidation, its poised for making new ATH. There was significant buying on 14th Aug, volume was 3x than the normal volume. Someone has bought near 700 in huge quantity.
BALAMINESIn the current state, I would want to wait for a close above 538 to enter, an initial target could be 600+, maybe even 625+
BALAJI AMINES ( POSITIONAL TRADE )Chart structure looking very strong , expecting strong move from CMP
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{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
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BullishThe bull cart started from rock bottom and crossed an important resistance a couple of days back. This has now turned into a strong support line around 540. I feel 540-550 level will be visited once before eventually it reaches a level of 980, say in three months.
Head and Shoulder -- Balaji AminesStrong move from BALAMINES yesterday, breakout with huge volume spike. Expecting strong move from hereon. RSI seems promising around buying range. Golden moving average crossover. Possible 1st target will be around 585-600.
BALAMINES BreakoutBalaji amines have shown very good quarterly results. Its CMP is below intrinsic value. It already gave a good breakout. you can choose this stock for short term trading. It will give you minimum of 20% returns in one month or two.
Balaji Amines Inverse Head and shoulders breakoutHead height =478 approx
Break point =484.8
Target point =962
All details in chart, like and follow for upcoming work.
:) Do your own study or ask your financial advisors before investing
BALAJI AMINES - LONG CALL // GREAT UPSIDE AND HIGH RR // Call for Monday 29th of June 2020:
BALAJI AMINES
CMP: 525
BUY: 540 MAX
TARGET: 656 (21%)
STOP LOSS: 470 Min (8-10%)
DURATION: In 10-12 Trading Sessions Target should be acheived
Disclaimer: I have a position taken at 494 on 26th of June 2020, Holding for 10-12% Profit.
Balaji Amines - Bullish Breakout⚡️Horizontal Breakout above 490
⚡️Trend of stock has reversed after sloping trendline breakout above 420
⚡️200 SMA breakout above 420
⚡️Strong trend confirmation by RSI and ADX
⚡️Looks good for positional 10-20% upside with SL below 425
Long Balaji Amines@412.5I took a pilot position at 412.5 and I will be looking to add at minor corrections
Technicals: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged closer to its 52WH. Price has been consolidating since April.
Fundamentals:
TThis stock shows good sales and profit growth. TTM earnings are close to highest levels since 2018. if the margin improves, the profits can rise.
5 years of sales growth - 9.12%
5 years of profit growth - 27.93%
Margins close to its higher levels of 19 %
BALAJIAMINES change of Direction to rally from falling.As per analysis, we found that 340 as support. but we missing support at 360-370 levels, where it made as low as 356. looks like it is forming W pattern. if it able to above 412 today. it shall rally upto 480. watch it today.
BALAJIAMINES broke support TrendlineIt broke the second support trendline also. now it is heading towards next support level which is around 333. we can take the directional trade once it reaches that level, based on price action.
Consolidating Consolidating after a sharp move from the bottom. In down move it may find support at 320.Intermediate term target is 520.
Short Sell in BALAMINESBALAMINES retraced to 100% from the fall and there is a clear rejection from previous high's. opening a gap down in the next session and closing below that will this script to fall upto 340 levles followed by 300.
Short Term Pick: 30%-50% in 3-4 months timeShort Term Pick: 30%-50% in 3-4 months time. Price moving really well and above 380 looks really good for 500/600 or above. Once entered SL can be 360. Wait for confirmation on daily level before entering."I AM NOT SEBI REGISTER, INVEST ONLY AFTER CONSULTING WITH A FINANCIAL ADVISER. Views are solely personal and for education purpose."
