Reason for long a) Monthly Mr.14 b) Good engulfing candle in monthly time frame c) QQE breakout d) HSP set up e) vwap breakout f) Good risk reward zone g) SL compulsory
Prices went about moving averages but fell from major S/R zone which was also very near to POC of Volume Profile for current downtrend Prices are below value area and rejection from moving averages on 18th as well suggests further fall for the stock one can trade with 1R as initial tgt and eventually aiming 343 levels
It looks like Balrampur Chini Mill might try to break the trend line and will take support near 272, lets see if that happens Target: 272
price forming a bullish inside bar above 50 day EMA followed by a bullish angulfing bar SL and target marked
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me. Points to Note: 1) bounce from support area and breakout resistance. And from Parallel Channel. 2) we can enter at CMP (OR) if comes between 365-370 range its good for the targets. Disclaimer: I am not a Registered Analyst with SEBI and it is only for educational...
There is a one more stock Which is showing a great opportunity Wedge formation in Balramchin what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Balramchini UPDATE to previous idea share looking good , just having small halt filling liquidity , once that is don it is good for up trend
GOING IN TO THIS TRADE BALRAMPUR CHINI MILLs , let me know your thoughts in the comments
BALRAMPURCHINI Ready for 20% upmove before Elections BalramPURCHINI is following Daily Channels since few months & out from downtrend. Uptrend should start & can see come Sharp upmove in coming few weeks. LTP - 392 SL - 375 Targets - 490+ Happy Investing.
BALRAMPURCHINI - It seems BALRAMCHINI can fall correct towards 360,350+
Added onto the positions at 384.95 for about 1.25% of the capital. With this entry the total allocation in this stock reached about 2.5% of the net capital. Expecting a potential upside move of about 25% in the near term. Will not be adding anymore into the stock, even if it crashes further, as per my risk management rule. Previous post related to this stock is...
BALRAMPURCHINI:After a reasonable consolidation has bounced bk and in the process formed a rounding bottom pattern.Sustaining above 415 levels as per the pattern likely to test 430+(For educational purpose only)
Buy for target of 450 with sl of daily close below 385 Time frame 1 month, can take option or futures positions
Balrampur Chini is trading near it's demand zone and it has taken support from this zone multiple times. The risk reward looks good on the Long trade, Buy around 380 - 350 and hold for the target of 460 - 475 until 350 in intact on the closing basis. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
NSE:BALRAMCHIN Long trade in BALRAMPUR CHINI. Best buy: 395+ or after the breakout of the triangle pattern ie.420+ Stop Loss: Below 370 Targets: 430/460/520 Reasons to Buy: The trend line has always been a reliable support system, and it has proven its consistency time and time again. Good support from the 52weeks moving average Good PE ratio of...
BALRAM CHINI IS Currently at 400 goverment lifts ban on use of sugarcane juice to product ETHONAL; Caps diversion at 17 lakh in 2023-2024 Balramchini is currently at Manupulation phase \ up side BULLISH target is 1055
Hello All, I am presenting my analysis and approach for a short-term bullish positional trade opportunity in BALRAMCHIN. There is a good short-term bullish swing trading opportunity presenting itself in this fundamentally strong scrip. Trade validity: Week of 11th December 2023 Entry: 388 I will watch how the stock reacts to the green trendline on the hourly...
price in weekly demand zone ... imbalance of orders should push the price to move up.. its for educati0onal purpose only