Balrampur Chini Mills is Preparing for a Move

BALRAMCHIN is fighting with a major descending trendline that’s been active since October 2024.

The stock has seen a strong comeback from its April lows, forming a sequence of higher lows. And now it’s pushing hard right at the trendline resistance around the 615 mark.

Today’s candle has shown some muscle — not just in price but in volume too, which is a sign of smart accumulation. This is exactly how institutional buying looks: slow, silent, and then boom — breakout.

This structure fits the Volatility Compression Breakout theory perfectly. And if we get a clean close above 620 with follow-through, we might see a strong rally.

#Entry above: 620

#Stoploss: 592

#Target 1: 655
#Target 2: 688

#Extended target: 720 (if breakout sustains with delivery volume)

Don’t front-run this.

Wait for a confirmed breakout with a solid green candle.
Sugar stocks are cyclical. So play it like a trade, not a wedding.

Be nimble. Stick to SLs. Ride with trend, not hope.

That’s all for now.

Stay sharp. Stay disciplined.

And let your capital flow where the trend grows.