in this stock have two trendline both breakout are done stock gave good consolidation create strong support next resistance is 2440 if take resistance on 2440 and wait 2/3 day then break 2440 it will good you can enter here or more confirmation break 2440 then enter pls like and comment if you have any question for educational purpose not a call thanks
Breaking out of a falling wedge pattern with volume.
Balaji amines had a significant crash from Rs 3800 to 2000 and it consolidated in the range of 2000 to 2500 for about 9 months . It has now given a breakout from this consolidation with strong volumes .
Consider this as my diary and not as a buy/sell recommendation service. I don't advise. entry above the line stop below theline consolidation breakout with volume stock entred into stage 2( stanweinstein)
Logic: Trendline breakout with volumes. Chemical sector reversing. Fertilizer stocks are booming. RSI positive divergence seen. Breakout Confirmation above 2500. Levels mentioned on chart
BALAAMINES (1D TF) Swing Trade Analysis given on 18th December, 2023 (Monday) Pattern: FALLING WEDGE BREAKOUT - Breakout of Resistance - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #balaamines
TRENDLINE BREAK BREAKOUT LEVEL - 2500 MCAP - 7667 CRORE PE RATIO - 39% ROCE - 36% HOLDING Promoter Holding - 53% PUBLIC NON INSTITUTIONS - 16% BALAJI AMINES Gives A Positive Breakout (Trendline) And Breakout After 1 Year Of Consolidation . 1st Target - 3800 2nd Target - 5000 3rd Target - 7300
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Balamines ready for breakout Reversal candidate levels are mark on chart
Chemical sector seems started reversal from bottom and thus stock is breaking out from descending triangle pattern. Good to go long above 2500 levels. Risk @ 2300.
stock is making wild moves, so need to trade with caution downtrend seems over now, lets follow
Learn this how price react from demand zone and breking trend line.
After a straight line rally, stock made a Drop-base-drop and again a base. So can it be a drop-base-rally?. On weekly TF stock has made a base near 2000 making it a strong support area. Also a short trend line and a long trend line broken. 50 EMA breach on weekly and also support taken on monthly TF. Looking good for upside if close above 2500. Short term tgt...
Balaji Amines almost gave a long pending breakout today. High level of volume seen today, adding to confidence for its breakout soon. The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295. First target will be 2600 where resistance can be seen. Disclaimer: I'm not a registered analyst. I'm only sharing...
BALAJI AMINES LONG-TERM INVESTMENT OPPORTUNITY Hello traders! Key points: Weekly chart study 🎯The Falling Wedge pattern is complete, and the share price is ready to move up. 🎯It appears that a double bottom has formed, the stock has made a lower low, and now the price is ready to move higher. 🎯The price seems to be getting support on the weekly chart. 🎯A...
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Ascending triangle breakout with volume spurt Above EMA50 Favourable risk-reward ratio
Bottom Fishing In Balaji Amines. Buy At Cmp - 2228 SL - 1700 ( Weekly Closing Basis ) Target - 3800/5000