Undervalued stock Discounted cash flow model target 3900 First entry taken, once the triangle break out add more. This pull Back is quiet common before the breakout Stop loss 2110
3435 FIrst Upside Target, after Long Consloidation and HIgher high and higher high formation
Balaji Amines should give some good profits in the long run. Deploying 1% of capital for a target of 30-40% profit target in a 1-2 year time frame. Entry 2188 Qty 5 SL: To be decided only to protect profit
If chart follows drawn structure and we get a BO, it will end the fall of this counter, this stock may go crazy above 2550.
In the Weekly Chart of BALAMINES , we can see that, After the Failure of W Pattern, it is now in formation of Cup & Handle Chart Pattern.
Balaji amines is going through a deep cyclical price correction , due to fallen demand of amines and amines derivatives in Pharmaceutical industry, Petrochemical, and specialty chemical sectors, surge in raw material cost and lower demand overall affecting earnings. Thus amine stocks have seen 50 % to 60% price correction. But over the past 3 decades amines...
Balaji amines is going through a deep cyclical price correction , due to fallen demand of amines and amines derivatives in Pharmaceutical industry, Petrochemical, and specialty chemical sectors, surge in raw material cost and lower demand overall affecting earnings. Thus amine stocks have seen 50 % to 60% price correction. But over the past 3 decades amines...
Just a view not a call I will buy above the blue line if the price trade above the line EOD
BAL commenced manufacture of Methyl Amines in the year 1989 and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines. BAL has been consistently adding capacities and fine tuning process to provide quality products at lowest cost to the customers. for more intrady research wsup on 8459 22 0202
In the Weekly Chart of BALAMINES , we can see that, after a huge correction of more than 60% . It has given a very strong recovery in W pattern.
Balamines is at the Perfect range to Fly again at the Higher Range. SL and Target Mentioned Chart
The company has a diversified product portfolio with a basket of over 25 different products. These products are categorised under 3 main categories i.e. Amines, Amine derivatives and Specialty & Other chemicals. Return on Equity 10 Years: 26% 5 Years: 27% 3 Years: 29% Last Year: 34% Compounded Profit Growth 10 Years: 27% 5 Years: 36% 3 Years: 47% TTM: ...
Balaji Amine...Double top formation and neckline breakdown....Further fall is a possibility....At this stage accumulation can be started for short to medium term perspective...
Amines in Solapur this a great stock khjkhfkla klaf.knaknflamnfa;iknfknK lkfkznf
I invested some little amount on Balamines last week. Sorry for delay in posting. Good for long term investment. More details are mentioned in chart.
BALAMINES buy above 3450 Target 3460,3470,3475, 3490, 3500 SL 3425 CMP 3449
BALAMINES trading in Triangle pattern . wait for any side breakout & confirmation before entering Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing