Balramchini!! Discussion.pls share your views

#1
Balramchini!!
Declining fast on account of current sugar issue.
Despite the fact that it is still very strong in fundamentals, and higher quarter to quarter profits.
Even though, Renuka sugars still managed to rise.

Even though Renuka Sugars future outlook is to cross its current 52 weeks high, but the present scenario is not looking good.

With descending triangle formation supported by Head and shoulder, if 130 is broken out, it can result in further steep fall.

Please discuss if the stock can withhold this pressure, and come out in positive.

Rgds
Vaibhav
 

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