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BALRAMPUR CHINI MILLS LTD
Nov 18, 2022
ENGULFING POWER IN BALRAMCHIN LTD.
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Balrampur Chini has been treading in a channel for a few days.
Support and resistance are given by the channel.
If we talk about the stock, the bearish engulfing pattern is seen and bearish power is seen forming this pattern.
At present bearish engulfing pattern has been seen across the resistance.
So the market may go down and a little pullback may also be seen.
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Bearish Engulfing
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