Balaji amines limited: An opportunity for value investors.
Balaji amines is going through a deep cyclical price correction , due to fallen demand of amines and amines derivatives in Pharmaceutical industry, Petrochemical, and specialty chemical sectors, surge in raw material cost and lower demand overall affecting earnings. Thus amine stocks have seen 50 % to 60% price correction. But over the past 3 decades amines industries has been on an average rising 10% to 15 % per annum making over 500x times over multi decade returns for its long-term investors. Amines industry also has high barrier to entry in its business, they cannot be imported nor exported over long distance due to associated combustible hazards, so they can act as regional monopolies in longer run.
Deep cyclical correction and stock going through maximum pain is perfect opportunity where value investors can time their bets and wait patiently for profitable cycle to emerge and reward them. Risk is already factored and negated, any further down side becomes an opportunity to pyramid upon existing thier investment.
Technical analysis for Balaji amines at 4 hours TF
Point of control for price 2131 above it rises with strong buyers volumes and falls below it with strong sellers volumes.
Breakdown level 1947
Value investors opportunity levels 1809/1708/1612
Heavy overhead price supply zone 2798/2927/3111 price will resist and revert to price of control 2131
Major breakout only above pivot range 3278 to 3498 for momentum investors with targets T1, T2 and T3 as per fibbonaci levels.
Deep cyclical correction and stock going through maximum pain is perfect opportunity where value investors can time their bets and wait patiently for profitable cycle to emerge and reward them. Risk is already factored and negated, any further down side becomes an opportunity to pyramid upon existing thier investment.
Technical analysis for Balaji amines at 4 hours TF
Point of control for price 2131 above it rises with strong buyers volumes and falls below it with strong sellers volumes.
Breakdown level 1947
Value investors opportunity levels 1809/1708/1612
Heavy overhead price supply zone 2798/2927/3111 price will resist and revert to price of control 2131
Major breakout only above pivot range 3278 to 3498 for momentum investors with targets T1, T2 and T3 as per fibbonaci levels.
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