BALRAMPUR CHINI MILLS LTD.

BSE

BALRAMCHIN

Cup and Handle Formation Wait for Retracement and then BUY

Balrampur Chini

Thanks to Govt, all the sugar stocks are now in bullish trend.

Seems Buyers are coming inside. waiting till 80-85 to see a Saucer Cup & handle pattern is forming. keep watching

-6 point RSI bullish divergence on the daily chart . -3 point RSI bullish divergence on the hourly chart. -Forming a bullish wedge on the hourly chart. -4 point bullish divergence on daily Stochastic . -Strong bullish divergence on MACD . This is not an investment advice. Do your own due diligence. Not invested yet.

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