Buy Balarampur Chinni

[uasish]

Hi,
Today mkt may fall but balarampur has again given a short term buy signal watch out if close is above 58.65 how vol pans out at 58.65 (if at all that level is reached) on the upside resistance above 63.50 to 66.00.This counter is a buy for medium term ,entry at 58.65 is best as per my own risk/reward module for me.My 2nd entry (for pyramiding is planned at that price point).

Asish

 

[uasish]

Hi,
In 1 min Candle chart 158.45 is the Low ,let us see how volume reacts when it comes down to 158.65.

Asish

 

[uasish]

10.47am onwards at 60.55 good volume sellers.Heading towards 58.65

 

[uasish]

Hi
The volume is very very Low in down movement now 59.25 so 58.65 will come.
Asish

 

[uasish]

Hi,
Made my 2nd Entry @ 57.75 (50% Qty) of 1st Entry of 28th Feb.Expecting it to close above 58.65.

Asish

 

[sankar ghosh]

Balrmampur chini is forming a strong base at RS50/-.The high breakout point is 66.5.Nifty have to stop falling first to make any assessment for going long.

 

[uasish]

Hi,
Placed SL @ 58.90 (Still now Low= 58.95)for my 2nd Entry yesterday @ 57.75.

Asish

 

[uasish]

Profit (SL) triggered just now

 

[uasish]

Hi,
Did not re enter again ,becoz the High ,Low Open was suggesting an inside day to be seen in the EOD chart ,maybe a "Bearish Harami Cross" formation can be found in EOD,let us see the EOD chart in the evening.

Asish

 

[innocent_trader]

Hi,
Did not re enter again ,becoz the High ,Low Open was suggesting an inside day to be seen in the EOD chart ,maybe a "Bearish Harami Cross" formation can be found in EOD,let us see the EOD chart in the evening.

Asish

hi ashish,
i also stayed away from sugar sector, was thinking of playing intraday there today but their performance created doubts.