BALRAMCHIN 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
The 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 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...
Weekly 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
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
Stock 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...
most important levels support levels - 360 target levels - 430
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
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!
Balramchin reak its 200 EMA with good volume and future bulidup .
BALRAMPUR 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 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
The stock has as many as 4 confluences at current price level as explained in the video
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.
Balrampurchini 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.
Weekly Chart with H n S trendline taking support. RR is good too.
One can long on Balrampur Chini with help of SMA crossover and RSI. slow moving average is crossing above fast moving average slow moving average is 9 days SMA and fast moving average is 20 days SMA and RSI is more than 50 that is around 54. with help of SMA crossover and RSI target - 428 stoploss - 350
My way of utilizing the weekend. Over analyzing my position. Somehow making it in my favor.