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Technical Analyst, E Mathew is of the view that Balrampur Chini Mills above Rs 120-125 will show blow-off rise.
Mathew told CNBC-TV18, "Balrampur Chini has performed very well. It is taking a little bit of rest but at the lower levels it has got excellent support at around Rs 100-105 zone. If the stock is able to maintain above Rs 120-125 and if shows a decisive breakout above that then one could see a sort of blow-off rise." Disclosure: Neither my associate companies nor I hold position in the above stock. However, our clients maybe holding long or short positions in the above stock.
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