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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: 394.37
  • 12Day Average: 382.37
  • 20Day Average: 383.78
  • 50Day Average: 376.06
  • 100Day Average: 384.24
  • 150Day Average: 400.8
  • 200Day Average: 400.62

BALRAMCHIN Indicators & signals

Indicator MACD (12,26,9)

387.3, 382.02, 3.09
Indicator MACD is in positive zone

Indicator ADX (14)

40.68, 30.94, 13.05
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
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
02 Thu May 2024 395.75 393.10 to 399.40 0.05% 0.32 times
30 Tue Apr 2024 395.55 394.50 to 405.50 -1.53% 0.83 times
29 Mon Apr 2024 401.70 392.00 to 409.50 2.79% 3.49 times
26 Fri Apr 2024 390.80 385.00 to 395.60 0.71% 0.88 times
25 Thu Apr 2024 388.05 386.00 to 392.50 0% 0.78 times
24 Wed Apr 2024 388.05 378.00 to 390.95 2.37% 0.96 times
23 Tue Apr 2024 379.05 372.20 to 383.25 1.21% 0.73 times
22 Mon Apr 2024 374.50 368.00 to 380.50 2.42% 1.06 times
19 Fri Apr 2024 365.65 363.00 to 367.00 -0.81% 0.39 times
18 Thu Apr 2024 368.65 366.75 to 378.30 -1.26% 0.5 times
16 Tue Apr 2024 373.35 364.55 to 374.40 1.65% 0.37 times
15 Mon Apr 2024 367.30 365.20 to 376.70 -2.78% 0.76 times

Technical analysis forecast of Balrampur Chini Mills Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Balrampur Chini Mills Limited BALRAMCHIN at this time. Stock is rising and might rise more.

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

Stock of Balrampur Chini Mills Limited (BALRAMCHIN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Balrampur Chini Mills Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Balrampur Chini Mills Limited stays above 393.4, but if it comes below 393.4, then a intra day sell could be more profitable.
If you take a sell trade below 393.4, then use 393.4 as stoploss and 383.6 as target. However if you take a buy trade in Balrampur Chini Mills Limited, then use 393.4 as stoploss and 405.1 as target.

More indepth analysis on MunafaSutra.com