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Technicals for Balaji Amines Limited
By MusingTheNews
2026-02-02 20:25
Overall Technical outlook
Price Summary
The stock of BALAMINES fell -3.33% today, reflecting a awful market performance. Balaji Amines Limited's stock began trading at 1125.8 on 2026-02-02, soared to 1125.8, dipped to 1060.1, and finished the day -3.33% lower at 1088.3, with 185262 shares exchanged. The peak price for the stock in the past 52 weeks is 1915.6, with the lowest price being 1070.5. 3 analysts predict that the future price of BALAMINES will be in the range of 1334.0 to 2331.0, with a mean expected price of about 1742.0.
Technicals
Support and Resistance: At 1088.3, the price for BALAMINES is supported at 1072.1 and resisted at 1128.2. This indicates a trading range where 1072.1 serves as a support level, potentially preventing further decline, while 1128.2 could limit upward movement. Support/Resistance for BALAMINES
Aroon: AROON is currently indicating a strong bearish trend, with Aroon Down increasing and the Aroon Oscillator remaining low. This combination suggests that the downward price trend is likely to persist, signaling ongoing bearish momentum. The persistent low level of the Aroon Oscillator indicates further weakness. Aroon chart for Balaji Amines Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Balaji Amines Limited
Parabolic SAR: The PSAR maintains its bearish outlook, setting a resistance level that could act as a ceiling for upward momentum. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping prices subdued. Parabolic Stop and Reverse chart for Balaji Amines Limited
Stochastic: The Stochastic K-line's drop beneath the D-line and under 20 suggests a mildly bearish market condition. This setup indicates that the market may face some downside risk, though the bearish tone is moderate. Investors should consider this as a potential early indicator of a shift for Balaji Amines Limited. Stochastic chart for Balaji Amines Limited
Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Tripple SMA chart for Balaji Amines Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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