Upward channelBalrampur, took support at base
and now ready for next move
we can see 420/444 and max 495 levels next
hold with small stop loss of 385 on day close basis
28.90INR
2.84 BINR
46.66 BINR
114.38 M
About BALRAMPUR CHINI MI
Sector
Industry
CEO
Vivek Saraogi
Website
Headquarters
Kolkata
Employees (FY)
7.87 K
Founded
1975
ISIN
INE119A01028
FIGI
BBG000C20CP7
Balrampur Chini Mills Ltd. engages in the manufacture and sale of sugar. The company operates through the following segments: Sugar, Distillery, Co-Generation, and Others. The Sugar segment involves in the distribution of sugar and its by-products such as molasses, bagasse, and pressmud. The Distillery segment markets industrial alcohol. The Co-Generation segment provides power to distribution companies and renewable energy certificates to entities. The Others segment consists of agricultural fertilizers such as soil conditioner, and granulated potash. The company was founded in 1975 and is headquartered in Kolkata, India.
Short SIDE Breakout possible in BALARAMPUR After Ascending channel Breakout and consolidated below it now more fall possible if breaks it's downside Target 370 355 350
BALRAMCHIN LONGThe stock is currently at major support levels.
In addition we can clearly see a hammer candle which may be a sign of trend reversal in upcoming days.
RR ratio is good we can see a spike in upcoming days.
What are your views?
SL and TP1, TP2 & TP3 are marked
Balrampurchini Daily timeframe analysis for long term
NSE:BALRAMCHIN has in Demand Zone of 385 range over last 7 month.
We can see long term move above 390 with SL of 380.
Major targets levels are highlighted in blue lines.
BALRAMCHIN : A net position of about 1.25% of the capital The stock price plummeted primarily due to the central government's ban on the use of sugarcane juice for ethanol production. However, I anticipated that this decision would be short-term, aimed at boosting sugar supply in the market and lowering sugar prices ahead of the upcoming election. I expect
Balrampur Chini Take Reversal from verY importent Level 376 Balrampur chini Has Taken Reversal from Very Impotent Level 376 and also Shows Reaction no we Can see Levels upto 461,486,521 and Final Target 568 SL will be Below 376 ,4 Hr Candle Closer so if we see and Any Deep it must Take it as an opportunity
SWING IDEA - BALRAMPUR CHINIBALRAMPURCHINI seems to be in a very crucial buying zone.
The reasons are listed below :
Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels
again.
Broke the ascending triangle pattern i.e a bullish sign.
200EMA support on daily tim
BALRAMCHIN 1D TIME FRAME BUY@ 460 TARGET @ 500 , 506.40 BALRAMCHIN 1D TIME FRAME
BUY@ 460 TARGET @ 500 , 506.40
ascending channel breakout
risk reward 1:1.20
its just a view trade @ your own risk
sl@421
See all ideas
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Frequently Asked Questions
The current price of BALRAMCHIN is 365.65 INR — it has decreased by 0.81% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange BALRAMPUR CHINI MI stocks are traded under the ticker BALRAMCHIN.
BALRAMPUR CHINI MI is going to release the next earnings report on May 23, 2024. Keep track of upcoming events with our Earnings Calendar.
BALRAMCHIN stock is 1.56% volatile and has beta coefficient of −0.02. Check out the list of the most volatile stocks — is BALRAMPUR CHINI MI there?
One year price forecast for BALRAMPUR CHINI MI has a max estimate of 540.00 INR and a min estimate of 335.00 INR.
BALRAMCHIN earnings for the last quarter are 3.40 INR per share, whereas the estimation was 12.50 INR resulting in a −72.80% surprise. The estimated earnings for the next quarter are 4.60 INR per share. See more details about BALRAMPUR CHINI MI earnings.
BALRAMPUR CHINI MI revenue for the last quarter amounts to 15.40 B INR despite the estimated figure of 14.58 B INR. In the next quarter revenue is expected to reach 11.45 B INR.
Yes, you can track BALRAMPUR CHINI MI financials in yearly and quarterly reports right on TradingView.
BALRAMCHIN stock has fallen by 5.76% compared to the previous week, the month change is a 0.45% rise, over the last year BALRAMPUR CHINI MI has showed a 13.72% decrease.
BALRAMCHIN net income for the last quarter is 913.29 M INR, while the quarter before that showed 1.66 B INR of net income which accounts for −45.07% change. Track more BALRAMPUR CHINI MI financial stats to get the full picture.
Today BALRAMPUR CHINI MI has the market capitalization of 74.44 B, it has increased by 0.65% over the last week.
BALRAMPUR CHINI MI dividend yield was 0.63% in 2022, and payout ratio reached 17.94%. The year before the numbers were 0.51% and 11.14% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, BALRAMCHIN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade BALRAMPUR CHINI MI stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 7.87 K employees. See our rating of the largest employees — is BALRAMPUR CHINI MI on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So BALRAMPUR CHINI MI technincal analysis shows the strong sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating BALRAMPUR CHINI MI stock shows the neutral signal. See more of BALRAMPUR CHINI MI technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on BALRAMPUR CHINI MI future price: according to them, BALRAMCHIN price has a max estimate of 540.00 INR and a min estimate of 335.00 INR. Read a more detailed BALRAMPUR CHINI MI forecast: see what analysts think of BALRAMPUR CHINI MI and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. BALRAMPUR CHINI MI EBITDA is 8.45 B INR, and current EBITDA margin is 11.50%. See more stats in BALRAMPUR CHINI MI financial statements.