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.Shortby XtinCtUpdated 1
Balrampur Chini BuyBuy Available at very attractive price. With Good upside potential. Stop Loss : 58Longby UnknownUnicorn8500253
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.Shortby ParimalDevnath111
Balramchin - Bounce from a value zone.This can be good point to go accumulate the stock, provided the close of the week is strongLongby Trading-faces1
balrampur chiniStock must hold 100-98 zone for ant strong up trend otherwise looks in dangerby ravi21260
balrampur chini...some short term correction expectedlong position can be created below 110.Longby SuriUpdated 3