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BALRAMPUR CHINI MILLS LTD.

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BALRAMCHIN trade ideas

BALRAMCHIN : A net position of about 1.25% of the capital The stock price plummeted primarily due to the central government's ban on the use of sugarcane juice for ethanol production. However, I anticipated that this decision would be short-term, aimed at boosting sugar supply in the market and lowering sugar prices ahead of the upcoming election. I expected the government to eventually lift the ban, restoring normalcy. As expected, following discussions with sector officials, the government reversed its decision to prohibit the use of cane juice for ethanol production. Consequently, I took two positions at different levels, totaling approximately 1.25% of the capital. Looking forward for a potential move of about 23% from the average price levels to the target levels. I will closely monitor statements from relevant officials and may consider increasing the position size in the near future. I will provide updates beneath this post if I choose to do so.
NSE:BALRAMCHINLong
by Sniper-Traders
SWING IDEA - BALRAMPUR CHINIBALRAMPURCHINI seems to be in a very crucial buying zone. The reasons are listed below : Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels again. Broke the ascending triangle pattern i.e a bullish sign. 200EMA support on daily timeframe. Stock was in a consolidation phase from last 1.5 years. Higher high are being formed. Support formed at 411 levels which was a strong resistance previously. Target - 462 // 520 SL - 406 on closing basis
NSE:BALRAMCHINLong
by Visionary_Growth_Insights
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, Trendline break of RSI. Successful breakout after 14 months High Volume trade last 4 days. successful breakout of the strong Resistance Zone. Now it will act as support Price > EMAs Verdict : Highly Bullish R:R :: 1:3 Plan of Action: Buy: 431.25 Stoploss: 406 Target: 500
NSE:BALRAMCHINLong
by finnova_
2
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% and rest on breakout of resistance, Or fully on Breakout Do consult your financial advisor before making any investment decision this is only for educational purpose.
NSE:BALRAMCHIN
by Stoictrader1811