BALRAMCHIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | BALRAMCHIN | Market Cap | 10,733 Cr. | Current Price | 532 ₹ | High / Low | 628 ₹ |
| Stock P/E | 30.9 | Book Value | 193 ₹ | Dividend Yield | 0.66 % | ROCE | 9.06 % |
| ROE | 9.29 % | Face Value | 1.00 ₹ | DMA 50 | 512 ₹ | DMA 200 | 494 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.17 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 107 Cr. |
| RSI | 52.9 | MACD | 7.24 | Volume | 5,57,731 | Avg Vol 1Wk | 3,40,895 |
| Low price | 393 ₹ | High price | 628 ₹ | PEG Ratio | 3.80 | Debt to equity | 0.81 |
| 52w Index | 58.9 % | Qtr Profit Var | -31.1 % | EPS | 17.2 ₹ | Industry PE | 13.3 |
- 📈 Chart Patterns: BALRAMCHIN is trading at 532 ₹, recovering after recent weakness. Support lies around 520–525 ₹, resistance near 550–560 ₹. Trendlines suggest sideways consolidation with mild bullish undertone.
- 📊 Moving Averages: Price is above both 50 DMA (512 ₹) and 200 DMA (494 ₹), confirming medium-term strength.
- 📉 RSI: At 52.9, RSI is neutral, showing balanced momentum without strong signals.
- 📈 MACD: Positive (7.24), signaling mild bullish divergence and short-term upward bias.
- 📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation with potential breakout if volumes sustain.
- 📊 Volume Trends: Current volume (5,57,731) is higher than weekly average (3,40,895), showing strong participation and accumulation interest.
- 📌 Momentum Signals: Entry zone around 520–525 ₹; exit zone near 550–560 ₹.
- 🔄 Trend Status: Consolidating with bullish bias.
Positive
- EPS of 17.2 ₹ provides earnings base.
- Price above both 50 DMA and 200 DMA supports bullish undertone.
- Volume surge indicates strong buying interest.
- Dividend yield of 0.66% offers shareholder return.
Limitation
- PEG ratio of 3.80 highlights expensive growth prospects.
- ROCE (9.06%) and ROE (9.29%) remain moderate.
- MACD positive but weak, limiting conviction.
Company Negative News
- Quarterly profit variation (-31.1%) shows earnings pressure.
- FII holdings decreased (-0.12%), reflecting reduced foreign confidence.
Company Positive News
- PAT improved to 152 Cr. from 107 Cr. sequentially.
- DII holdings increased (+0.17%), showing domestic institutional support.
- Technical strength supported by price above DMA levels.
Industry
- Industry P/E at 13.3 highlights sector trading at lower multiples.
- Sugar sector remains cyclical, influenced by commodity prices and government policies.
Conclusion
BALRAMCHIN is consolidating with bullish bias supported by price above key moving averages and strong volume participation. Entry near 520–525 ₹ offers tactical positioning, with exit targets around 550–560 ₹. Fundamentals show moderate efficiency and stretched valuation, so trades should be managed cautiously with strict stop-loss discipline.
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