Technical Analysis Balrampur Chini Mills Ltd

The chart for

shows a stock that has been through a significant rollercoaster phase but is currently showing signs of a strong trend reversal. Here is a breakdown of what the technicals are telling us. After a long period of decline and consolidation throughout late 2025 the stock found a solid floor or support near the ₹400 level in early February 2026. From that bottom the stock has staged a sharp recovery reclaiming the ₹465 zone. This V-shaped recovery suggests that buyers have aggressively stepped back in. The immediate challenge is the ₹490 - ₹500 range. You can see a dotted horizontal line on your chart at 491.75 if the stock closes above this consistently it could trigger a massive rally toward the ₹550+ levels. The recent breakout point at ₹440 now acts as a strong support. As long as the stock stays above this the short-term outlook remains Bullish. NEWS Government Export Boost On 13 February 2026 the Indian government approved an additional export quota of 5 lakh metric tonnes (LMT) of sugar. This is great news for Balrampur Chini as it allows them to sell more surplus sugar in the international market. Ethanol and Future Projects While ethanol prices remain a challenge the company is seeing higher crushing volumes and is on track with its Bioplastic (PLA) project which is expected to provide a new long-term revenue stream beyond just sugar.