Balrampur Chini faces strong resistance at Rs 139: ULJK

MUMBAI: Praveen Kumar, technical analyst, ULJK Securities is of the view that Balrampur Chini faces strong resistance at Rs 139.

“Balrampur Chini faces a strong resistance around its 50 DMA level of Rs 139. A breach above the resistance level can be positive. The stock has intermediate support around Rs 130 followed by strong support at Rs 125,” he said.