BALRAMCHIN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.7

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

📉 Trend Overview

Current Price: ₹590 is slightly below the 50-DMA (₹592) but above the 200-DMA (₹549), indicating short-term consolidation with long-term bullish undertone.

Trend Status: The stock is consolidating within a broad range of ₹549–₹693. A breakout above ₹592 could trigger renewed upside momentum.

📊 Momentum Indicators

RSI (42.8): In the neutral zone, leaning bearish. Not oversold yet, but approaching a potential bounce zone.

MACD (-0.09): Slightly negative, indicating weak momentum. No clear crossover signal.

Volume: Current volume (2.55L) is below the 1-week average (2.77L), suggesting low conviction in recent price action.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹592 Resistance

200-DMA ₹549 Support

Price < 50-DMA Mild Bearish

Price > 200-DMA Bullish

📌 Bollinger Bands

Price is near the middle band, indicating neutral momentum.

Bands are moderately tight, suggesting low volatility and a possible breakout setup.

🔍 Support & Resistance Zones

Level Type

₹549 Strong Support (200-DMA)

₹575 Intermediate Support

₹592–₹610 Resistance Zone (50-DMA cluster)

₹693 Major Resistance (52W High)

🎯 Entry & Exit Zones

Entry Zone: ₹550–₹575 (on pullback with volume confirmation)

Exit Zone: ₹610–₹693 (near resistance and 52W high)

⚡ Short-Term Signals

MACD is flat, no strong signal.

RSI is neutral, watch for dip below 40 for bounce setup.

Volume is subdued, wait for spike to confirm breakout.

🧭 Summary

Technical Rating: 3.7

Trend: Consolidating

Momentum: Weak but stable

Strategy: Accumulate near ₹550–₹575 with confirmation from RSI and volume. Target ₹610–₹693 for exit. Avoid aggressive buying until MACD turns positive.

Want to compare this setup with other sugar sector stocks like Triveni Engineering or Dalmia Bharat Sugar?

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