BALRAMCHIN trade ideas
BALRAMPUR CHINIBALRAMPUR 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 - Cup n Handle breakout - 7% upside potentialBALRAMCHIN 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.
MULTIPLE PATTERN BREAKOUTBalram is looking good giving multiple pattern breakouts on weekly time frame
BREAKOUT RETEST IDEA-:
Because everyone having it's own trading style with proper risk management
TARGETS ANS STOP LOSS-:
NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
BALRAMPURCHINI BREAKOUT RETRACEMENTBALRAMPUR CHINI BUY ABOVE HIGH OF DOJI FORMED TODAY,As it is breakout + support+retracement doji on support buy with minimum 1:2 take profit
VIEW ON BALRAMPUR CHINIGood chart
Can buy Positionally
Target 430/445
Stop loss 418
I am just representing my views.
For educational purpose only.
Balrampur Chini go longBalrampur Chini is at demand zone and in bullish trend ,go long at current martket price or 412 stop loss intermediate swing low 408 area Target of 416,420 and 425.
Balrampur Chini Short term BuyBalram Chini looks like could be starting iii of 3rd wave through which a rally can come soon..
Buy in the zone 365-72
Stop loss could be 355 or 348 levels for a target of 450+ soon
BALRAMCHINBALRAMCHIN:- Double bottom pattern is formed, wait for breakout of neckline, 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.
BUY BALRAMCINBalrampur chini is buy 400-410 for 440/450. Above 450 we will see all time highs again. RAW SUGAR price is at multi yr highs sending buy signals in all sugar stocks. Invalid below 385 closing
Balram Trend Analysis Balram Chini current price is 361 is trading near about to good support zone which is near to 355 levels so it can bounce after touching that support for the target of recent high of 408 levels and if close below that support we can see it can go up to 329 levels on the daily candle close basis, mine view is bearish for this stock because it did not managed to cross it is high of December 2022 by recent highs and from below MACD indicator is giving signal of bearish move will come in it
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
BALRAMPUR CHINI | 404 - 410 ZONE OF RESISTANCESBalrampur Chini has multiple resistances @ 404 - 410 on hourly chart and expected to show a fall towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trendline Breakdown in Balrampur Chini Mills Limited...Chart is self explanatory.
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.
Balramchin inverse head and shoulder pattern formedBalramchin inverse head and shoulder pattern formed looking good for longs after breakout confirmation
BALRAMCHIN BULLISH CUP & HANDLEBalaramchin closing 396.75 with stop loss 370 then targets are 455-485-525.
Buying Reason.
1 --> Price close above all ema.
2 --> Price face many time resistance at a same zone.
3 --> RSI is above 60.
4 --> ADX is show the #Bullish move and +DMI is rise.
5 --> Daily and on a Weekly chart made a Cup & Handle Pattern #Breakout.
6 --> #Volume is rise and near to breakout.
7 --> Bollinger Bands are open in Positive Side.
Balrampurchini You can watch it
If possible do you own research
I am not sebi registered
Do your own analysis
Risk you own capacity
Balrampur Chini Cmp 375.55 dated 6-3-2023 Triangle BOBalrampur Chini Cmp 375.55 dated 6-3-2023
1. Triangle Pattern Formation
2. Bo above 376
3. RSI BO
Buy above 376 for target 390-400-410-415 SL 350
Pattern target will be 440
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
BalrampurChiniBuy BalrampurChini @ 365 Target will be 400+ in coming months. Buy who can hold couple of months without leverage.
Balrampur Chini - The Bitter BearSugar as sector is also looking strong & Wave 3 of 3 is about to start a day close above 371 will confirm any pullback to 348 levels will be good long trade.
I am not a SEBI Registered analyst chart shared for education purpose.
Balrampur Chini: Retesting last swing highBalrampur chini is forming lower high and higher low from last 2-3 months. Now stock is retesting its previous swing high. Fresh long needs to be careful.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL: 382 to 373
TARGET : 320
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 320 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
