BALRAMCHIN Buy SetupNSE:BALRAMCHIN has been sustained above level of 390.40. As per my analysis 388 will be best level to take buy entry with stop loss of 373 (-15 Points Risk). My expected up side target would be 403 (+15) & 415 (+27).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
BALRAMCHIN
BALRAMCHIN : Rounding bottom BALRAMCHIN may creating rounding bottom patter. after downtrend now its started up trend on daily time frame.
its already crossed major resistance and its become support for now. Currently its again near major resistance zone marked in chart. we may see good move it able to cross resistance
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L" with small SL
#MAWANASUG #TRIVENI #BALRAMCHIN #RENUKA #EIDPARRY #BANARISUG
#MAWANASUG
NSE:MAWANASUG
CMP: 99
TP: 135
SL: 80
TF: <6m
RR > 1.8 times
Return 36%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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BALRAMCHINNSE:BALRAMCHIN
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
BALRAMCHIN LONG INTRADAY 12 APR, 2021Dear trader,
If u look at the chart of BALRAMCHIN (analysis based intraday only) the BALRAMCHIN Buy at 232 and
Target at 241
Best Buy at 230
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
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My probable count for Balrampur Chini.Although, there are counts out there doing a big WXY , I'll be taking this large movement down on the weekly frame impulsive down and I have my reasons for that. The down move was nice and fast and this bounce has a volume confirmation pointing towards a down move.I don't disagree to the fact that this looks equally reasonable with WXY as primary but I don't buy it . Bearish divergence with RSI on weekly gives the potential down move a nice confirmation to it.
My targets for this trend are indicated by horizontal support/resistance lines below. Elonagated 1 wave means a shorter 3rd and even a shorter 5th, IMO. would be looking for a 0.618 retracement for a larger 2 up.
Remember, this is not a financial advice . So trade on your own opinions.
Thank you.