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Stock analysis Balrampur Chini Mills Limited BALRAMCHIN

More indepth analysis on MunafaSutra.com

Moving Averages for Balrampur Chini Mills Limited

  • 5Day Average: 370.55
  • 12Day Average: 380.18
  • 20Day Average: 374.14
  • 50Day Average: 375.01
  • 100Day Average: 390.62
  • 150Day Average: 402.81
  • 200Day Average: 400.37

BALRAMCHIN Indicators & signals

Indicator MACD (12,26,9)

374.7, 374.81, 1.13
Indicator MACD is in negative zone

Indicator ADX (14)

7.31, 19.82, 22.95
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALRAMCHIN Balrampur Chini Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 365.65 363.00 to 367.00 -0.81% 0.57 times
18 Thu Apr 2024 368.65 366.75 to 378.30 -1.26% 0.74 times
16 Tue Apr 2024 373.35 364.55 to 374.40 1.65% 0.55 times
15 Mon Apr 2024 367.30 365.20 to 376.70 -2.78% 1.11 times
12 Fri Apr 2024 377.80 377.05 to 389.80 -2.79% 1.01 times
10 Wed Apr 2024 388.65 386.45 to 395.80 -1.09% 1.67 times
09 Tue Apr 2024 392.95 382.65 to 396.00 1.73% 1.66 times
08 Mon Apr 2024 386.25 385.30 to 392.75 -0.68% 0.58 times
05 Fri Apr 2024 388.90 381.50 to 391.00 1.46% 1.23 times
04 Thu Apr 2024 383.30 380.95 to 388.75 -0.53% 0.45 times
03 Wed Apr 2024 385.35 380.50 to 391.35 0.36% 0.99 times
02 Tue Apr 2024 383.95 374.75 to 384.50 1.74% 0.78 times

Technical analysis forecast for Balrampur Chini Mills Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Balrampur Chini Mills Limited BALRAMCHIN at this time. Stock is falling and might fall more.

It appears as if Balrampur Chini Mills Limited BALRAMCHIN gave a large move recently.

Stock of Balrampur Chini Mills Limited (BALRAMCHIN) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Balrampur Chini Mills Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 364 as stoploss in an intra day buy trade for a target of 374.74. However, stock will show a bearish move below 364.

More indepth analysis on MunafaSutra.com