Balarampur Chini

Hi All,

Balaramchin rallied in Jan - 2012 from levels of 30 -35. There after correction from mid April to till June. Breakout on 29th june at support levels of 45 - 48.

Again there is small correction on 25th and 26th July. Rallied again from levels of 53 - 55.

It can be buy for short term. Let me know your views.

Regards
Sujan

 

Technically it is fine and could be a good buy @ cmp with stoploss of 54-59-62 but it is more concern with commodities and season too.
So I will avoid it.

 

some news on the stock
http://www.moneycontrol.com/news/bu...s-2734-lakh-sharesbalrampur-chini_743189.html

 

Dear ur right, It has chances to go up and it has formed bull flag too.
The news ur talking about is good too but still I will avoid only beacuse of seosnal trend cause It will reverse very quickly if mansoon starts raining heavily like it should be...

 

Thanks and it proved right today.

 

Today I took positon 1 lot(4000) in future at 65. I forgot about this stock completely.

I was waiting for correction in this stock...such that can take position during pull back.

I forgot completely to track this stock. Today I tracked the stock by looking at Sanjay and Shabbir message yesterday. Thanks to both of you

Thanks a ton to both of you.

 

I hope this call will more sweater than sugar, best of luck.

 

Infact it is more sweeter.

squarred off 1 lot (4000 shares) at 67 as profit booking started in Nifty.

 

Can you pls explain this future option trade...

Hello Sujan,

Can you pls explain this future option trade...?

for the begginers like us... it will be helpful what exactly following statement

and

means?

what exactly the amount got invested and profit gained in this trade?

thanks
Suraj

 

Suraj, certainly I will explain you about Future and Option trade.

But I recommend you to trade in Equity or Cash market, before that You practice chart patterns what shabbir has mentioned in Ebook. One you feel comfortable than do paper trading.

If you know the patterns, where to book profit and where to keep stop loss...etc than you can trade in F&O.

Analyze a chart a day and publish it in forum, you can get reviews thats actual learning.

Trading in F&O involves more risk but can be played after learning bit of Tech analysis.

Regards
Sujan