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Podcast | Today's Pick: Balrampur Chini Mills

| Updated on September 11, 2019 Published on September 11, 2019

nvestors with a short-term horizon can buy the stock of Balrampur Chini Mills at current levels of ₹149.95 . With the recent rally, the stock appears to have resumed its intermediate-term uptrend that has been in place since it took support at ₹98 in January. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI is on the brink of entering the bullish zone from the neutral region. Similarly, the daily price rate of change indicator hovers in the positive terrain implying buying interest while the weekly indicator is likely to enter the positive terrain.

Overall, the short-term outlook is bullish for Balrampur Chini Mills. Short-term targets are ₹156 and ₹159. Traders can buy with a stop-loss at ₹146.

Published on September 11, 2019