BALRAMPUR CHINIMajor breakout is done in Balrampur chini. Can add 60% stock at CMP and 40% on retest. The volume is also supporting the breakout. The target will be around 510. And SL around 415
0.57%
17.00INR
2.842BINR
46.659BINR
114.573M
About BALRAMPUR CHINI MI
Sector
Industry
CEO
Vivek Saraogi
Website
Headquarters
Kolkata
Employees (FY)
7.865K
Founded
1975
ISIN
INE119A01028
Balrampur Chini Mills Ltd. engages in the manufacture and sale of sugar. The company operates through the following segments: Sugar, Distillery, Co-Generation, and Others. The Sugar segment involves in the distribution of sugar and its by-products such as molasses, bagasse, and pressmud. The Distillery segment markets industrial alcohol. The Co-Generation segment provides power to distribution companies and renewable energy certificates to entities. The Others segment consists of agricultural fertilizers such as soil conditioner, and granulated potash. The company was founded on July 14, 1975 and is headquartered in Kolkata, India.
BALRAMPUR CHINIBreakout done with good volume
Chart looking good for upside move
Leading & Lagging indicator Bullish
Risk : Reward is very good at this time.
Make a entry for Long position
Disclaimer This is my personal view for education purpose only.
BALRAMPURCHIN BREAKOUT ANALYSIS 14 SEPBALRAMPURCHIN is a performance based stock. and if we look at the chart we can see it has given the breakout after a nice consolidation of more than 1 year.
it’s expected to give a nice target of R:R :: 1:3.
Reason :
Bullish trangle breakout.
Support at the VWAP.
RSI is in Bullish zone, Tren
Ascending Triangle Breakout. Ready For BoomBalrampur Chini gives ascending triangle breakout with high volume on daily timeframe. stock have potential to give 20%-30% return in upcoming days. all sugar stocks shows good rally in past few days and it's time for balrampur chini. Current Price = 442 1st Target = 460 2nd Target = 520
balram pur chinibalrampur chini will hit 450 target. reason: its a good compny of production in sugar, apperntly the news of ethanol vehicles will drive it to the buying of retailers. by technical perspective it has broke the last red candle on 4hr chart. so its a good stock to buy for the 5% profit.
BalramchiniBalramchini should break the 2023 June high price level and needs to sustain above this price level to have a clear breakout.
Balrampur Chini [Seasonal Swing] #Sugarso here is my seasonal swing pick balrampur chini you might have noticed that the price of sugar stocks generally rises during winter season & on chart its forming a classical Ascending Triangle Pattern.... here is my plan if it comes near support trendline after a good candle i will enter with 50%
Balramchin looking good to go.Nice consolidation with higher lows structure, Looks good to get the breakout. I will have it in my watchlist.
BALRAMCHIN Buy SetupNSE: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.
Balramchini Long setup as per ICT concept FVG and OB theory #Balramchin any closing above 386 can lead the price to 450 as we observe there is FVG and OB in Daily TF which is getting respected.
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