Balrampur 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 Stop Loss = 418 (Closing basis). NSE:BALRAMCHIN
balrampur 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.
so 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...
NSE: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.
Make falling wedge chart pattern in 4 hour time fram , take break out at resistance level and make retest at that level , take support of 50 EMA that's bullish Sign , MACD and histogram saw fair value for bullish way , also make lower highs so first Target will be 467.90 and stop loss will be 355.90
This is for educational purpose not a trading advice so that's...
When Sugar sector rallies, they rally hard.
Better fasten your seat belts, it's going to be a memorable ride!
No targets, will ride till momentum lasts!
Price stuck in a range in a uptrend. Entry on close above 430 stop loss 409. Price in bullish trend on weekly and monthly. This is no recommendation but my POV. Please consult your financial advisor for taking any positions.
So many Drawing can be made in this chart , weekly is telling different, daily showing different, but I chose to Show you what I feel Fishy is!
Rest You Understand Better than me but Scalper did their Job Pretty smoothly.
I am Slow Player :rolling_eyes:
ALL THE VERY BEST.
Gratify if you appreciate the practice then you can like it, share it and
If you want...
![BALRAMCHIN: Balrampur Chini [Seasonal Swing] #Sugar](https://s3.tradingview.com/c/CS5pSxTn_mid.png "Balrampur Chini [Seasonal Swing] #Sugar")
