Balrampur Chini gone bitter- Breakdown of Rising Channel

Balrampur Chini has broken the trendline support from a rising channel. The breakdown is with huge volume.
The stock may further react to the recent government order on restriction on use of sugarcane syrup for the production of Ethanol.

*These are personal view not for trading purpose and purely for educational purpose. I am not a registered investment advisor. This is not an investment advisory.