BALRAMCHIN is fighting with a major descending trendline that’s been active since October 2024.The stock has seen a strong comeback from its April lows, forming a sequence of higher lows. And now it’s pushing hard right at the trendline resistance around the 615 mark.
Today’s candle has shown some muscle — not just in price but in volume too, which is a sign of smart accumulation. This is exactly how institutional buying looks: slow, silent, and then boom — breakout.
This structure fits the Volatility Compression Breakout theory perfectly. And if we get a clean close above 620 with follow-through, we might see a strong rally.
#Entry above: 620
#Stoploss: 592
#Target 1: 655
#Target 2: 688
#Extended target: 720 (if breakout sustains with delivery volume)
Don’t front-run this.
Wait for a confirmed breakout with a solid green candle.
Sugar stocks are cyclical. So play it like a trade, not a wedding.
Be nimble. Stick to SLs. Ride with trend, not hope.
That’s all for now.
Stay sharp. Stay disciplined.
And let your capital flow where the trend grows.
TrendX INC
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TrendX INC
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.