• Kavita Chamaria

After giving a 25% return in 3 weeks, what lies ahead for Balrampur Chini?

Updated: Aug 29, 2021


Hello readers!

Here’s another follow-up on the analysis of Balrampur Chini’s stock.

After our initial coverage of this stock on 24thAug(link here), it has already given a 25% run-up so far which I feels phenomenal.

But let us not forget that run up is just the beginning. The target lies much further ahead.

After two days of strong upside movement, the stock has dipped. Now, market participants will know it is nothing unnatural because profit taking is eminent after suck a sharp one sided move. But I want to emphasize here profit taking is all it is. The upside should continue going forward. The daily chart doesn’t give up much insight into the move as we can see below. It just shows RSI in the +60 zone which is a positive for the price movement. Another evidence of potential trend continuation comes from the volume on the last two days.


Let’s analyse the hourly chart to look deeper into the price movement.

The hourly chart below is showing good support present at the 35 hour EMA. I believe this acts a good entry point for those who missed the entry at the start of the trend. As Jesse Livermore has thought us we should always enter the bull trend at dips and this my friend is a good dip of 6% before the stock of Balrampur Chini paves its way to its ultimate target.


That’s all for today. Please do read the original post here. I would love to hear from you. Please share your feedback via comments. You can also reach out to me directly via the contact me form. 

Thank you for taking out the time to read my articles.

You can find my analysis on two other stocks- FRETAILand REC.

As a disclaimer, this isn’t a stock recommendation but a mere observation of a great phenomenon unfolding on the chart.

Another disclaimer: I am long on Balrampur Chini.

A warning: Anyone investing in Balrampur Chini based on this article is doing so at their own risk. Please be responsible.

#BSE #RangeShift #StockMarket #FRETAIL #TechnicalAnalysis #RSI #35EMA #BALRAMCHIN #BalrampurChini #NSE #stockcharts #PositiveDivergence


stock market blogstock market blogspotstock market blogsstock market blogs in indiablog on stock marketstock market blogs india indian stock market technical analysis blogbest blog for stock marketbest stock market blogstock market live blogfree stock market tips blogspot

stock market analysis blog stock market news blog stock market crash blog us stock market blogstock market technical analysis blog stock market tips blogspotstock market today blog

stock market blog sitesaustralian stock market investing blogwhat are the stock market namesfree stock market blogstock market tips blogsingapore stock market blog

best stock market analysis blogcnbc stock market blogstock market blog names

stock market blogs for beginners stock market blogs redditblog for stock market

blog about stock marketstock market blogs websitesstock market investing blog

stock market basics blogdaily stock market blog cnbc stock market live blog

stock market investment philippines blog stock market beginner blog what are some blog topics us stock market live bloghow to create stock market blogstock market hindi blog

stock market blog topicsstock market predictions blogstock market mind games blogspot

reddit stock market blogstock market astrology blogspotstock market blogger template

colombo stock market blogstock market for beginners blog

0 comments