NSE: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 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
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi...
NSE: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!
Dear 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...
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...
