BALRAMCHIN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.7

📊 Chart Patterns & Trend: BALRAMCHIN is consolidating after a sharp correction from its 52-week high of 628 ₹. The current price (438 ₹) is below both 50 DMA (460 ₹) and 200 DMA (507 ₹), indicating medium-term weakness. However, the stock is holding above its recent low of 408 ₹, suggesting consolidation near support.

📈 Moving Averages:

- Price below both 50 DMA and 200 DMA confirms bearish undertone.

- Sustained move above 460 ₹ could trigger momentum toward 500–520 ₹.

- Strong resistance remains at 507 ₹ (200 DMA).

📉 RSI: At 51.3, RSI is neutral, showing balanced momentum with no overbought or oversold signals.

📉 MACD: Negative (-4.14), confirming weak momentum and short-term consolidation.

📊 Bollinger Bands: Price is near the mid-band, suggesting sideways consolidation with no breakout yet.

📊 Volume Trends: Current volume (5,77,225) is higher than the 1-week average (3,07,062), indicating strong participation and accumulation despite weak technicals.

🎯 Entry Zone: 430–440 ₹ (near support).

🎯 Exit Zone: 500–520 ₹ (near resistance trendline and DMA levels).

⚡ Support Levels: 430 ₹ and 408 ₹.

⚡ Resistance Levels: 460 ₹ and 507 ₹.

Positive

• Quarterly PAT improved to 46 Cr. from 43.1 Cr., showing earnings growth.
• EPS of 18.4 ₹ supports valuation strength.
• Dividend yield of 0.78% provides income return.
• Debt-to-equity ratio at 0.21 indicates manageable leverage.

Limitation

• Stock trading below both 50 DMA and 200 DMA reflects bearish trend.
• High PEG ratio (-2.38) suggests poor growth-to-valuation alignment.
• ROCE (9.84%) and ROE (10.1%) remain modest.
• FII holdings decreased (-0.79%) and DII holdings decreased (-0.43%), showing weak investor sentiment.

Company Negative News

• Stock corrected sharply from its 52-week high of 628 ₹.
• MACD negative, confirming weak momentum.
• Institutional outflows (FII and DII) may weigh on sentiment.

Company Positive News

• Quarterly PAT growth of 1,413% reflects strong profitability recovery.
• EPS of 18.4 ₹ provides valuation support.
• Strong trading volume indicates accumulation interest.

Industry

• Industry P/E at 12.4, lower than BALRAMCHIN’s 23.8, suggesting premium valuation.
• Sugar and allied sector outlook remains cyclical with demand tied to commodity prices and ethanol blending policies.

Conclusion

⚖️ BALRAMCHIN is consolidating with neutral RSI and negative MACD, showing short-term weakness but strong volume support. Traders may consider entry around 430–440 ₹ with exits near 500–520 ₹. The stock is consolidating, awaiting breakout above 460–507 ₹ for trend reversal.