BALAMINE LONG TERM1. Its in Accumulation phase .
2. Over the last 5 years, revenue has grown at a yearly rate of 15.32%, vs industry avg of 3.49%
3.Over the last 5 years, net income has grown at a yearly rate of 32.82%, vs industry avg of 10.86%
4, Strong Financials :-
3 year CAGR growth
Revenue 14.9%
NetProfit 28.1%
OperatingProfit 25.3%
5.34.72% away from 52 week high , Nice correction has given opportunity to accumulate at these levels
6.FII/FPI have increased holdings from 2.35% to 4.0% in Sep 2021 qtr.
7.Institutional Investors have increased holdings from 2.65% to 4.49% in Sep 2021 qtr.
8.1 Month: Delivery volume fell by -42.05%
9.1 Day: Delivery volume increased by 386.08% over 5 day average
BALAMINES trade ideas
risky trade buy or sellcmp; 3409
buy above 3500
sell 3000
H&S pattern on 1D tf
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
LONG - BALAJI AMINESBuy: 2675 1st lot - confirmation on RSI & RS required for more conviction
AWAP: 2595
SL: 2518
Early Exit: RS < 50 EMA / RSI < 50
Value:
- Price under VCP & taking support @ RS 50 EMA
- Price above VWAP and Supply Zone
- RSI above 50 level
Trigger:
- Narrow Rang Breakout with bullish bar
- Enhanced Volume
- Deliveries: Daily deliveries are higher than 10 moving average
- RSI & RS Reversal is confirmed
2nd lot confirmation
- Break out above 2750 (VCP)
- Follow-through
How I Captured A 100% Move In BalaminesFirst Thing You Need to Know Here Is That All The Strategies in the world are only successful if you can exercise the patience required. Sitting Tight Is the most important skill not reading charts.
I Went Long In Balamines on 26th October 2020 Basis A Weekly Inside Bar Breakout. The Stock Was In A Strong Uptrend Before This And Had Taken A Pause Between August to October. The Movements Became Tighter & Smaller with each passing week and that is when it started showing up on my radar. I took my first long when the high of 19th October candlestick was breached, The Stock did nothing for a week post my buy ( sitting tight is important through these phases ), Exploded Post this and reached a high on 1054 in November but reversed from there again. It was waiting time again, I waited for a month and the movements started becoming tighter again in the week starting on 28th December, I went long again when the high of this candle was breached at 950. The stock flew next week making a monster move of 22% in one week. After another month of waiting in Feb came another monster move of 35% in one week. By First Week Of March the stock reached a price of 1905, A 114% Move over my average price.
I am Still Holding the stock. The Moves Came Coz I sat through the dull phases not because I have a special skill in reading charts.
Hope This Helps You in improving your performance. Always Trade On A predefined risk.