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Investtech Indices
These two sugar stocks look promising
Published February 15, 2019
Balrampur Chini Mills (BALRAMCHIN.NS) Close: 117.70
Balrampur Chini Mills Limited is in a rising trend channel both in the medium and long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.
The stock has broken a resistance level in the short term and has marginally broken up through the resistance at rupee 117. An established break predicts a further rise. Support is between 113 and 100 rupees.
Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive which strengthens the trend. The stock is overall assessed as technically positive for the medium term.
Recommendation one to six months: Buy
Dhampur Sugar Mills Li (DHAMPURSUG.NS) Close: 192.95
Since bottoming out around 74 rupees, Dhampur Sugar Mills Limited has risen 160 per cent and does not look like its resting there. The stock is in a rising trend channel in all time frames; short, medium and long term. A resistance at 180 has recently been broken. Further upside is suggested. There is support between 180 and 166, while no clear resistance is seen on the medium term chart apart from the previous top at 317 rupees.
The volume balance indicator is positive, indicating that buyers have been aggressive with rising prices while sellers have been passive. The stock is overall assessed as technically positive for the medium term.
Recommendation one to six months: Buy
The analyses are based on closing price as per February 14, 2019. Maintaining proper stop loss is always recommended.
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Archive:
14 February: Three short to medium term opportunities
08 February: One buy and one sell in stocks while index suggests caution
06 February: One buy and one sell, short to medium term opportunities
01 February: Upside breakout from price formations
30 January: Buying opportunity: Reversing from trend channel support
9 January: One positive and one to stay away from
2 January: A good investment opportunity
2018
21 December: Good buying opportunities
14 December: Positive on these three stocks
11 December: One buy and one sell signal
07 December: Sell Signals in Three Big Stocks
04 December: Highest scorer of our Top 50 list
30 November: Positive stocks with 5-11 per cent upside potential
28 November: Buy signal on high volume
27 November: One Buy and One Sell Signal
23 November: Fear dominates these stocks
21 November: Sell signal, time to stay away
20 November: Early opportunity from short term buy signal?
16 November: Two Buy Signals and One Sell Signal
15 November: Buy signal in this one
13 November: Big auto stocks comparison
09 November: What to wait for?
06 November: Banking stocks look positive
02 November: Positive on this one
01 November: TECHM, NIFTY50 and Hausse
31 October: What are investors thinking?
30 October: Bullish on these three stocks
26 October: Three potential candidates to ride on
24 October: Three big Metal stocks, Seasonal variation
22 October: Among top performers on our Top 50 list
18 October: Three stocks investors should stay away from
17 October: Flowing against the tide
16 October: Positive on these 2 stocks
11 October: Over 45 per cent rise
9 October: The Indian banking space
5 October: Nifty closes at a crucial level
2 October: Price formations in the long-term charts
28 September: Positive on Biocon Limited
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Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligare information om Investtechs analyser finns på infosidan.
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