Balaji Amines – Technical Analysis, Support and Resistance

The stock

is showing a strong recovery within a broader long-term downtrend on the daily chart. After falling toward ₹1000 in early 2026 the stock rallied sharply toward ₹2600 before facing selling pressure. It is now trading around ₹2043 and consolidating after a volatile correction. The recent decline indicates that bullish momentum has weakened, and further confirmation is needed before the next directional move. Support & Resistance: Immediate support is around ₹2000–2030 followed by ₹1900–1950. On the upside ₹2100–2150 is the first resistance zone followed by ₹2200–2250. Short-Term Buyers & Holders View: Short-term participants can watch for a sustained move above ₹2100–2150 with strong volume for recovery confirmation. Failure to cross this zone may keep the stock under pressure. A break below ₹2000 could lead to further weakness toward ₹1900–1950. Holders can monitor whether the stock forms higher lows and regains the key resistance zone.