Balaji Amines Ltd – Accumulation Phase Before Potential Upside

Balaji Amines appears to be in a strong accumulation zone after an extended downtrend. The stock has been consolidating between ₹1,350–₹1,450, forming a solid base supported by stable volumes. A sustained move above this range could mark the beginning of a trend reversal and initiate a fresh leg toward the upper resistance levels.

The recent earnings announcement may act as a potential catalyst, as the stock shows early signs of momentum supported by short-term moving average crossovers.

🎯 Key Levels:
CMP: ₹1,431.80 (+1.93%)
Accumulation Zone: ₹1,350 – ₹1,450
Resistance 1: ₹1,650 – ₹1,700
Resistance 2: ₹1,900 – ₹1,950
Stop-Loss: ₹1,340 (on daily close basis)

📊 Technical View:
Price consolidating near the base zone post-correction, signaling accumulation.
Volume stability and EMA alignment suggest early buying interest.
A breakout above ₹1,450 could trigger a move toward ₹1,700.
Sustaining above ₹1,700 may open the next leg toward ₹1,950+.

🧠 View:
Balaji Amines is forming a base after prolonged correction. A close above ₹1,450 with volume confirmation can trigger momentum toward ₹1,700 in the short term, and ₹1,950 in the medium term.