Balrampur Chini Mills on Sweet SpotHi All,
Buy Balrampur Chini Mills. The stock has given historic breakout after 14 years and seeing the kind of inclination of market towards all sugar stocks it seems there is something big happening in Sugar Industry. Balrampur chini Mills is very well placed among other sugar stocks, Buy this stock currently at 234, 1st small target will be 254(8.5%), 2nd target will be 280 ( 19.6%) and 3rd target will be 300 (28%) . Keep stop loss of 200.
Keep a view of atleast 6-7 months and buy.
** Ideas are my own** Please Invest as per your risk taking appetite **
BALRAMCHIN trade ideas
balrampur chiniIt needs to be close above 200 levels in this month, Balrampur Chini is fundamental good company, Sugar sweetness will be looking good forward plus etahnol benefits to sugar sector.
First Target is 275-280. it can be multibagger and above in year time
stop loss on closing basis -190
*Disc Not a sebi register
Balrampur Chini - No Chini KumBalrampurChini - This sugar looks so sweet. The long consolidation break out on monthly levels is needed. Safe is 230+ with Volumes. SL is 175 cls basis on monthly. We are for a very long haul in this stock whenever the 230+ happens. Obscene targets after the month.
DISC: Not a SEBI Registered. I post charts for my own study.
Balramchin - Intraday / Swing Trade SetupBalramchin CMP - 174.15
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 176 Only / Stop Loss - 172
Target 1 - 178
Target 2 - 180
Target 3 - 182 / 185
Swing Target - 190
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
Moving Average Crossover - Simple Yet Powerfull Tool to TradeMoving Average Crossover i.e. Short Period Moving Average Crossing Long Period... Also known as Fast Moving average crossing Slow Moving Average.
In simple terms - a 9 Day MA crossing 20 MA or a 20 MA crossing 50 MA.
ENTRY - Take the next trade of the cross over on close or near the close.
PROFIT - As per Risk Reward you set or Ride till the reverse happens whichever is early.
STOP LOSS is few (%) Points below the reversing cross over to avoid whiplashes.
See this Balrampur Chinni Chart - So Sweet Isn't it. Try on your favorite stocks.
Exponential or Simple - Results are same.
9 crossing 20 or 20 crossing 50 or 50 crossing 100 is your choice on the time frame one wants to trade.