Balrampur Chini
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Showing posts with label Balrampur Chini. Show all posts
Showing posts with label Balrampur Chini. Show all posts
Friday, February 11, 2011
Friday, April 30, 2010
Friday, March 05, 2010
Wednesday, February 03, 2010
Monday, November 30, 2009
Friday, November 27, 2009
Friday, October 30, 2009
BREAKING - Bajaj Hindustan to buy Balrampur Chini
BREAKING - Bajaj Hindustan to buy majority stake in Balrampur Chini
Sunday, July 26, 2009
Wednesday, February 25, 2009
Saturday, February 21, 2009
Wednesday, February 11, 2009
Friday, January 16, 2009
Balrampur Chini Mills
We recommend a buy in Balrampur Chini Mills from a short-term perspective. The stock has been in a strong short-term uptrend from December 2, 2008 when it formed the low at Rs 29.7. It gained more than 80 per cent from this trough and is currently in a corrective down trend.
After correcting about 50 per cent of the prior up-move, a fresh up-move appears to be unfolding currently. This leg of the up-move is likely to take the stock beyond its recent peak. The short-term trend line at Rs 45 should act as a reliable support in declines.
The 14-day relative strength index (RSI) is bouncing off the 50 level implying that the short-term up trend can continue further. Buy signals in the weekly oscillators too denote strength in the stock. Short-term traders can buy the stock with a stop at Rs 48. The stock can move to Rs 55 in the immediate future.
via BL
Saturday, November 29, 2008
Thursday, September 11, 2008
Wednesday, August 20, 2008
Today's Pick - Balrampur Chini Mills
We recommend a buy in Balrampur Chini Mills from a short-term horizon. It is evident from the charts that the stock has been on a medium-term up trend from its early July trough at Rs 68, forming higher peaks and higher troughs. While trending up, the stock crossed over the 21 and 50-day moving averages. Also it penetrated the intermediate-term down trendline, which was in place since January high of Rs 127.
Moreover, the stock conclusively closed above its 200-day moving average by jumping up almost 8 per cent on August 19. We notice good volume during the up move. The daily relative strength index (RSI) has re-entered into the bullish zone, reinforcing bullishness and the weekly RSI is likely to enter this zone.
We are positive on the stock in the short-term. We anticipate the stock to rally further until it hits our price target of Rs 107 in the forthcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 91.
Saturday, July 12, 2008
Friday, May 09, 2008
Monday, May 05, 2008
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