Balrampur Chini Cmp 386.40 dated 17-7-2023
1. Small Rectangle BO @ 388
2. Reversed from support Line
Buy above 388 for target 395-410-415-425-430
SL 375
It is just a view, please trade at your own risk
Daily Chart
From May’22 to Oct’22, stock was in downtrend. The trend reversed in Nov’22 and price continuously moving upward with higher low formation.
The chart analysis analysed in daily, 15 min, ema, volume and RSI breakout .
Resistance – Rs 430 ;
Short Term Target – 6% ;
If price break the yearly resistance of Rs 430, Revised Target will be Rs...
📊 Pattern: Wedge
📌 Symbol/Asset: Balrampur Chini
🔍 Description:
Can give breakout from here or may touch support & bounce back
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
BALRAMCHIN:- If the stock sustains at 385 after giving a breakout then upside movement can be seen 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...
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 8th June, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Looking good for shorting from here as the previous trend is down it can give decent targets. Suggested for Option buying
Wait for 1H Candle close and take trades accordingly. Follow me for more such trades already posted for few other stocks Please check them
Balrampur chini :- {BALRAMCHIN}
Time frame : Weekly
Observation :
1. Rising Trend channel
2. Broken up Resistance
3. Strong Support build up 308
4. Only problem for long term H&S pattern
Ideas : Go Long with buy in dip with stop 348
View only for Education purpose.
Taken Short term swing trade based on a retest of a breakout on weekly Candle.
For Details Check the chart for weekly breakout and restest.
Will Plan for hold till the Target is achieved
BALRAMPUR CHINI stock looks good for a swing trade , short term , buy at current price of 420 with stop loss of 400 and targets of 480 levels , RR of 1:2 looks good enough
BALRAMCHIN has given cup n handle pattern breakout at resistance level 427 with good volumes.
Target is coming to 444 and then 455+ levels (may see in 2-5 days).
SL: Hrly candle close below 427.
