BALRAMPUR CHINI on way to new highs A succesfull retest of breakout.
Full positive outlook on to completition of Rounding bottom pattern.
BALRAMCHIN trade ideas
balrampur chini-long excellent results Q2
price >3>.6>18>50>200 day EMA
MACD are aboce zero and signal line
targe 500
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Diametric Pattern
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is in a pattern we can see upside if supports are not broken.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately
Multibagger suggestionHello Investors,
This post purely for investors who can wait and reap the benefits at a long period.
Yes, Balrampur Chinni seems long and may double its share value. But not sure how long it will take. Already it is in a consolidation since October 2021 after a good rally.
Keep adding your investments if your wish for this stock instead getting frustrated with some blue chip stocks at this moment.
This is a weekly time frame chart and I have marked some levels in case of upmove. After 600 it may fly. Enter by looking at the smaller time frame and buy at a good support ( bottom ) levels.
Thanks
Bounce from COVID support trendlineBalrampur chini has bounced from a covid support trendline, indicating strength on the counter. 525 zone can be tested.
BALRAMCHIN | Swing Trade📊 Details
Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power.
BCML is one of the most efficient integrated sugar producers in the country. The Company has grown its capacity by well-planned capacity expansion projects and the acquisition of existing companies over recent years.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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BALRAMCHINBALRAMCHIN:- Wait for breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Breakout in Balrampur ChiniChart type - Heikin Ashi
Time frame - Swing Daily Chart
All time High - 525.90
LTP - 435.10
Note: 20% down from all time high
Breakout of the resistance level of 431 (Recent high of May)
Wait and watch the behavior of price around these levels.
The support zone 425 to 430.
Thanks
Simranjit Singh Virdi
BALRAMCHIN Bullish; above 448 on Tuesday 25th September BALRAMCHIN Bullish; above 448 on Tuesday 25th September
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising channel
📌 Symbol/Asset: BALRAMCHIN
🔍 Description: Stock is going up in a rising channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BUY ON DECLINE viewBalramchin is having buy on decline view.
Buy level 387.10 to 383
SL : below 370 (1 day close)
Target : 430 above review... Long term bullish above 444
Risk is yours and reward is too yours totally.
Time Frame : 3 months to 1 year
Balrampur chinni Balrampur chinni. CMP:441 stoploss:380 target:475/525/580/650.. symmetrical triangle breakout
#Balrampurchini cash : Cup and handle pattern breakout#Balrampurchini cash -Positional call
15.09.2023
Cup and handle pattern breakout and
restest which is best
Looks good above 450.10
Stoploss 415
TGT 495-520/600
Cmp 441.40
BALRAM LOOKS GOODBalarampur sugar looks good by breaking a parallel channel resistance after a long consolidation so now I am waiting for retest entry which is near about 430 to 425 levels for the target of 476/ 494/ 512 one pattern base positional target also added which is 580 levels.
Once trade will be execute on wanted levels i will update idea by active trade and stop loss too for my trade.
Like if you like my idea do boost this publication friends.
BALRAMCHIN | Ascending Triangle Breakout | Swing Trade BALRAMCHIN | Ascending Triangle Breakout | Swing Trade
strong support line and an ascending triangle breakout.
Looks positive to give about solid 17% upward movement
Balramchini Breakout stockNSE:BALRAMCHIN was consolidating from 2 years now.... and today it broke the channel if it sustain above it then it can give a decent upmove....
Buy Balrampur chinirespect 200 EMA on daily chart.
some bounce to be expected here
Make SL 385 on daily closing for trg of 420
BALRAMCHIN - Weekly AnalysisIn the Weekly Chart of BALRAMCHIN ,
we can see that, it has multiple rejection at 420 level.
Trade only after it closes on 420 on Weekly TF.
BREAKOUT, BALRAMPUR CHINI, 52% RETURNSBUY - BALRAMPUR CHINI MILLS
CMP - Rs. 412
Target - 1: Rs. 507
Target - 2: Rs. 628
.
Timeframe - 2 months - 6 months
.
Technicals - Bullish Triangle Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Bullish Harami on BALRAMPUR CHINI,1D NSE:BALRAMCHIN ,1D
Balrampur Chini Mills Limited ('BCML') is one of the largest sugar manufacturing company in India with a significant strength in the manufacture of downstream products like power (co-generation) and ethanol.
Bullish Harami(Candlestick pattern) formed and gave closing above it,
Entry Price : 395.50
Target : 415.90
Stoploss : 381.50
RR : 1.46
BALRAMCHIN Long ! #nifty50 #stockmarketindiaStocks looks good for a move up into the supply zone with a decisive break from the netry zone plotted .Plot reference on chart ~
