BALRAMCHIN trade ideas
Balramchin - Intraday / Swing Trade SetupBalramchin CMP - 174.15
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Buy at or Above 176 Only / Stop Loss - 172
Target 1 - 178
Target 2 - 180
Target 3 - 182 / 185
Swing Target - 190
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
BALRAMPUR CHINNI - BULLISH BAT FORMATIONBALRAMPUR CHINNI
BUY @ 150
STOP @ 145
TGT @ 160-180
Note: It's preempted Harmonics Chart so the probability of entry with risk reward shd strictly be with the levels given above... Also view negate if close below 145 on Hourly to 4 Hourly charts...
Balrampur Chini [Sugar || Ethanol]Good Breakout.
High Volumes
Lookout for the levels mentioned in the chart. SL - 167
#BALRAMCHIN #SUGAR #NSE #NIFTY #BANKNIFTY #TRADE #INVEST #MONEY #BALRAMCHIN
Balrampur Chini Mills Ltd.
CMP: 159.10
Target: 192
SL: 140
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Balram Chini Ready to RallyBalram Chini is ready to rally once after retrace to 138.4 or it may directly rally as it has already taken support.
target is 152 and 162.
Expecting price will move up from here - Target 142-146 BullishExpecting price will move up from here - Target 142-146 - Bullish momentum.
Moving Average Crossover - Simple Yet Powerfull Tool to TradeMoving Average Crossover i.e. Short Period Moving Average Crossing Long Period... Also known as Fast Moving average crossing Slow Moving Average.
In simple terms - a 9 Day MA crossing 20 MA or a 20 MA crossing 50 MA.
ENTRY - Take the next trade of the cross over on close or near the close.
PROFIT - As per Risk Reward you set or Ride till the reverse happens whichever is early.
STOP LOSS is few (%) Points below the reversing cross over to avoid whiplashes.
See this Balrampur Chinni Chart - So Sweet Isn't it. Try on your favorite stocks.
Exponential or Simple - Results are same.
9 crossing 20 or 20 crossing 50 or 50 crossing 100 is your choice on the time frame one wants to trade.
My probable count for Balrampur Chini.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 it . Bearish divergence with RSI on weekly gives the potential down move a nice confirmation to it.
My targets for this trend are indicated by horizontal support/resistance lines below. Elonagated 1 wave means a shorter 3rd and even a shorter 5th, IMO. would be looking for a 0.618 retracement for a larger 2 up.
Remember, this is not a financial advice . So trade on your own opinions.
Thank you.
Balrampur Chini BuyBuy
Available at very attractive price. With Good upside potential.
Stop Loss : 58
BalrampurchiniHow does a stock prepare for a rally (Bullish/Bearish)? Here is an example of a bearish rally. The stock created a top or resistance which could not be taken out. 50 DMA gave a down ward cross to 200 DMA. Price is making lower high and lower low.
Balramchin - Bounce from a value zone.This can be good point to go accumulate the stock, provided the close of the week is strong
