Balrampur Chini "Range Breakout"Buy At Cmp 212.6
Add More If Price Fall To 185-190
Strict SL - 155 (WCB)
Target - 400
BALRAMCHIN trade ideas
Buy Balrampur ChiniMy idea is for educational purpose.
Buy Balrampur chini @224 for short term gain of 10-20%.
Balrampur Chini Mills Ltd. Up FlagBalrampur Chini Mills Ltd. is in an uptrend since July 2018. The counter has seen today (8th April 2021) the price pattern known as an Up-Flag. Please observe that the counter was in a consolidation for last one month. The consolidation formed the cloth of the flag. This consolidation was preceded by a rally forming pole of the flag. The consolidation got an upward breakout today and closed at Rs.235.50. This breakout has a good volume support. I anticipate the first price target of Rs.270 and suggest the stop loss at Rs.223 to be followed for the first 4 daily candles starting from 9th April 2021. Thereafter, the profit booking/ exit decision should be initiated on downward crossover of 26 EMA by 5 EMA.
NOTE: This is an attempt to predict the future price movement. The investment decision shall be on the sole risk of the investor.
Balrampur ChiniSafe and sweet heaven for investors who are looking to park fund for long term. Expect 2x in long term.
14 Years Long Consolidation Breakout !! Holi Pick !!* 14 Years long consolidation breakout in Weekly chart . i assume monthly close above 210.00 then monthly breakout will happen.
Wishes You & your family a very Happy Holi .I wish this holi your P&L always in Green
Balrampur Chini Retracement Done Looking Strong for LongtermStock is trading near All Time High
Poised to give atleast 50% returns from here. Portfolio Stock.
Balramchin Long term BUYBalramchin long term HOLD
if break support line exit, very good risk reward ratio
Balrampur Chini - Decade BreakoutBuy at cmp 210.7 and on dips upto 190
Stop 160 clb
Target1: 300 plus
Target2: 420 plus
Balrampur Chini for SWING TradingBalrampur Chini good for swing trading
Buy: 185-188
Target - 200
Time Frame - 10 Days
BuyPrice looks to test 250+ in short time frame. Holding 180 on DCB is important for upmove to continue.
Disc : it's not an investment advice to buy or sell
Balrampur Chini MillsMultiyear breakout in monthly charts .
Rounding bottom pattern.
Demand supply mismatch in Sugar globally.
Increased Sugar production by 20% in last few months.
This can add the stock price surging towards target of 370-392.
BALRAMCHIN - BREAKOUT IN ALL TIME FRAME1) Breakout happened in the stock and made new all time high on 05.03.21
2) After making new high the stock retested the trend line in daily frame
3) One could take the trade on formation of bullish candle in daily time frame above the blue trend line
BALRAMCHIN- an attempt to cross 200Great Possibility in BALRAMCHIN to touch 200 in few session. All we need a good breakout with volume. Very good Support at 165 range... Targets open.. ATH @ 200
BALRAMCHINCurrently at resistance of trendline.. Keep n eye.
Some more move may come when it start to stay above 181.4
nearest support around 171
BalramChini Long/Bullish View1) Ichimoku Cloud Breakout in daily
2) Rising channel Breakout on verge
3)Cup and Handle BO on verge(Clearly visible in lower TMF).
4) Good Volume Spurt
BALRAMCHIN WEEKLY CHART VIEW!!#BALRAMCHIN WEEKLY CHART VIEW!!
Balrampur Chini Mills Ltd. Till now the stock price is unable to produce breakout above 186 resistance and sharp strong negative closing visible below 5MA: 174.65.
Closing very near weekly low indicates negative strength. More lower side below 169 may increase weakness towards 160-157.
Keep a watch!
