BALRAMCHIN : verge of a breakoutWhen Sugar sector rallies, they rally hard.
Better fasten your seat belts, it's going to be a memorable ride!
No targets, will ride till momentum lasts!
BALRAMCHIN trade ideas
Balrampur ChiniPrice stuck in a range in a uptrend. Entry on close above 430 stop loss 409. Price in bullish trend on weekly and monthly. This is no recommendation but my POV. Please consult your financial advisor for taking any positions.
BALRAMCHIN - Weekly AnalysisIn the Weekly Chart of BALRAMCHIN ,
we can see that, it ha given Inverted H & S breakout.
Also it has been retested.
Is it Looking Good ?So many Drawing can be made in this chart , weekly is telling different, daily showing different, but I chose to Show you what I feel Fishy is!
Rest You Understand Better than me but Scalper did their Job Pretty smoothly.
I am Slow Player :rolling_eyes:
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Balrampur Chini Mills LtdBalrampur Chini Mills Ltd all levels given in chart, please do ur own analysis, trade based on it...
BALRAMPUR CHINI WEEKLY CHART PATTERN (HEAD & SOLDER)BALRAMPUR CHINI WEEKLY CHART PATTERN (HEAD & SOLDER)
short balrampur chini very bearish in weekly chart
Balrampur Chini: Not so sweetThe quarterly numbers are bad. December quarter is also expecetd to be a loss.
BALRMACHIN Short IdeaBALRAMCHIN is heading down after a retracement and the 20 & 50 SMA have also made a bearish crossover. Short after the price crosses the swing low or day low. Target till 345-340
Sell BALRAMCHIN @ 373 TGT 292/205/175 stop above 460The stock is making an inverse head and shoulder pattern and is due for correction. Currently it is right shoulder formation and is expected to give full breakdown after budget. The RSI is also showing divergence in the prices and is on the losing front.
NSE: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
BALRAMPUR CHINIWeekly chart of balrampur chini it is rejecting from the resistance zone 415 can take short side trade with sl of 418 or if price comes to near 415 zone
Balrampur chini Risk and aggressive traders can accumulate this for a channel breakout trade
Sl accordingly
Tgt after BREAKOUT
Ask your financial advisor before buying
Only for educational purposes
Sweet Stock : Balrampur ChiniStock Consolidate from Aug. and today breakout with High volume...on daily TF, with high volatility and strong momentum .... good to investment with CMP, SL would be 380, 1st Tgt.:458,2nd Tgt.:526 in coming couple of weeks...
long position on balrampur chini a good breakout of falling channel pattern and now facing resistance on its previous resistance zone, after the breakout of this resistance zone we can make a long position on it
ENTRY-388 TG1-404 TG2-432 SL-362 these targets can be achiever in 1 or 1.5 months
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!
BALRAMPUR CHINI SWING/SHORT TERM TRADEBALRAMPUR CHINI in W time frame siting on a trendline, in D time frame it has given a breakout the structure is very bullish from CMP can be a good entry.
BALRAMPUR CHINIBALRAMPUR CHINI price took breakout...current price breaks last seven months downtrend line..showing upside price growth potential...stock looks good for mid term to long term investment..this is only for my personal study..please do your own analysis
BALRAMCHIN is a BUY IDEAThe stock has as many as 4 confluences at current price level as explained in the video
Bear's teeth got sharpen!As of trend and chart pattern analysis:
Shows 3 resistance push as downtrend.
Formation of LH's and LL's at down trend line.
Fibo retests at the level 38% and 50%
BoS confirmation and now it's time for 61% retest/pullback after breakout.
So these many confluence shows bearish sign momentum towards 138% price level as first Target.
BALRAMPUR CHINI LONG - level breakoutBalrampurchini breakout with vol. hope rally continues and we can expect 10% return as stock is momentum stock
Please do comments and confirm - are you taking taking trade of shared graphs.
