BSE:BALRAMCHIN   BALRAMPUR CHINI MILLS LTD.
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stock is in tremendous upmove, stock is in good momentum and ready to break 2009 high of 168 .
also stock is trading at a pe of 6.05 against the industry avg             pe of 19.
we might see a big upside.
daily view

weekly outlook

buy for 200 target
sl 157
ADX below 40 does not suggest a very strong trend. Rest everything looks likely but may take a little more time.
Compare it with earlier price move around April 2016 to Sep 2016 when ADX was above 40, it rallied from 92 to 132.
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KumarAbhilash rahul.u.bhagwat
@rahul.u.bhagwat, yes tomorrow price action is imp to watch , lets see whether it sustain 156 -157 .
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