BALAMINES trade ideas
Balaji AminesI am sharing my trendlines in this chart so that you can take informed decision accordingly. Balaji is one of the 2 main listed amines company in India. The company is fundamentally very sound, however, I feel a sharp rise in stock price has lead to a sharper correction in this counter. The whole chemical pack is under pressure currently.
BALAJI AMINES Buy Idea for LONG TERM Investors ONLYBalaji Amines has been an excellent small cap stock which had a fabulous rally. Its fundamental is also very strong and it is one among the leaders of the segment. The stock has been correcting 35% from top but keep in mind its a falling KNIFE. Hence there are no breakout yet and you can add to your portfolio ONLY if you are looking for LONG TERM (5+ Years).
Target 3 (80%) achieved in Balaji Amines. Target 4 is ON...This is follow-up on Balaji Amines. Can check link to related ideas.
Target 3 achieved. More than 80%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 4 (91%) achieved in Balaji Amines. Target 5 is ON...This is follow-up on Balaji Amines . Can check link to related ideas.
Target 4 achieved. More than 91%. Target 5 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (56%) achieved in Balaji Amines. Target 2 is ON...This is follow-up on Balaji Amines. Can check link to related ideas.
Target 1 achieved. More than 56%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Balaji amines investment ideaAs we can see the stock is in correction mode, let it correct and complete its downside journey and buy in delivery when it reaches orange trendline but if it it closes above upper red trendline on candle close basis, then we can go long from there also.
good luck, Have patience in market it will always pay off