Ok, technically, Balrampur chini is close to a very important level, any sustained close above 70 is very positive as per the attached chart.
For sectors like this, it is best to go with the leader. Period. I wont be buying anything here, but the chart on a break out looks interesting. I know the promoters of Parrys (of Murugappa group). Very very ethical group, however, not sure how this sugar company of theirs stand. If the business looks good, then promoters integrity may not be questionable.
The below is the 8 year daily chart of Balrampur Chini – With long cyclicals, better to look at very long term charts – broader picture is very important, no myopic vision helps here.
Disclaimer: I’m tired of putting this after every post, there should be some blanket disclaimer 
I’m NOT a technical analyst NOT a fundamental analyst, NOT a financial advisor. Do your own due diligence. I will put posts that come straight from my heart, no double intentions.
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