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Technicals for Balrampur Chini Mills Limited
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
On 2025-06-12, Balrampur Chini Mills Limited's stock began at 621.9, peaked at 626.2, declined to 608.5, and ended the day -1.27% down at 614.0, with 305340 shares traded. In the past year, the highest stock price was 680.55, and the lowest was 423.75. Based on recommendations from 7 analysts, the future price of BALRAMCHIN is expected to range from 580.0 to 720.0, with an average price expectation around 668.5714.
Technicals
Aroon: Aroon's bullish trend is ongoing, with Aroon Up consistently at the 100 level. While this suggests strong upward momentum for BALRAMCHIN, it's important to analyze this trend further with other indicators to gain a comprehensive understanding of the direction. 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 remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for Balrampur Chini Mills Limited
Stochastic: The stochastic indicator for BALRAMCHIN shows the K-line falling below the D-line, while remaining above 80, suggesting a possible beginning of a bearish price move. This configuration may indicate that the market's upward momentum is losing steam, potentially leading to a downward trend. Traders should watch closely for further confirmation of this shift. Stochastic chart for Balrampur Chini Mills Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that the bearish momentum is starting to weaken for Balrampur Chini Mills Limited. This could be an early sign of a potential bullish reversal, as the market's downward trend loses strength, possibly leading to a shift towards more positive price action. Tripple SMA chart for Balrampur Chini Mills Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
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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