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Technicals for Balrampur Chini Mills Limited
By MusingTheNews
2026-02-02 20:25
Overall Technical outlook
Price Summary
On 2026-02-02, Balrampur Chini Mills Limited's shares started at 425.6, peaked at 425.6, bottomed out at 411.5, and ended -1.29% down at 420.1, with 332855 shares traded. For the 52-week period, the stock's highest price is 622.8, and the lowest price is 397.8. 7 analysts estimate that the future price of BALRAMCHIN will fall between 585.0 and 673.0, with an average price expectation of approximately 622.2857.
Technicals
Support and Resistance: At 420.1, the price for BALRAMCHIN is supported at 416.35 and resisted at 432.55. This indicates a trading range where 416.35 serves as a support level, potentially preventing further decline, while 432.55 could limit upward movement. Support/Resistance for BALRAMCHIN
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for Balrampur Chini Mills Limited
Bol. Bands: The BOLL BANDS is in a neutral stance for BALRAMCHIN, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Bolinger Bands chart for Balrampur Chini Mills Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for BALRAMCHIN. Parabolic Stop and Reverse chart for Balrampur Chini Mills Limited
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Stochastic chart for Balrampur Chini Mills Limited
Tripple Moving Agerage: A bullish trend is evident from the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages indicate a potential reversal for BALRAMCHIN. The weakening signals from the shorter-term averages suggest that the upward momentum may be fading, signaling the possibility of an impending change in trend. Tripple SMA chart for Balrampur Chini Mills Limited
A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.
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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