BALRAMCHIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 2.7

Here’s a detailed technical analysis of BALRAMCHIN (Balrampur Chini Mills Ltd)

📊 Trend Overview

Current Trend: Bearish

Status: The stock is currently reversing, with price action below key moving averages and momentum indicators flashing weakness.

📈 Moving Averages

DMA 50: ₹557

DMA 200: ₹549

Current Price: ₹517

🔻 Price is below both 50-DMA and 200-DMA, confirming a bearish trend. These levels now act as resistance.

📉 Momentum Indicators

RSI (14-day): 35.4 — Approaching oversold territory, signaling weak momentum but potential for technical bounce.

MACD: -15.2 — Bearish crossover, confirming downward pressure.

Volume: 7.5 lakh vs 1-week avg of 5.1 lakh — Elevated volume, possibly due to panic selling or breakdown confirmation.

📊 Bollinger Bands

Price is near the lower band, indicating oversold conditions and potential for a short-term bounce. However, trend remains weak.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 500 Psychological level, recent bounce zone

Support 2 470 Previous swing low

Resistance 1 549 200-DMA, immediate resistance

Resistance 2 557 50-DMA, stronger resistance

Resistance 3 600 Trendline resistance from recent highs

🎯 Entry & Exit Zones

Optimal Entry: ₹500–₹510 range on confirmation of support holding and RSI reversal.

Exit Zone: ₹545–₹560 for short-term traders; ₹600+ if momentum improves and price reclaims 50-DMA.

⚠️ Short-Term Signals

MACD bearish, RSI weak, and price below key averages suggest continued downside risk.

Elevated volume may indicate capitulation, but confirmation of reversal is needed before entry.

🧭 Summary

Trend: Reversing with bearish bias

Momentum: Weak; MACD and RSI signal caution

Technical Rating: 2.7 — Bearish setup with oversold bounce potential

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