Balkrishna Positional View ! Long

BALKRISHNA INDSNSE

Description

⋅ Aug 12, 2021 3:15 PM

BALKRISIND : cmp: 2299.85
After a significant correction taking support near 50 DMA lvl.
Now RSI and trend signal also giving positive signal.
So good to grab here , may test ATH.
View negated below 2240.
Buy above 2320 for the
Tgt of 2396/2438/2489/2545

SL 2238 clbs

Option Strategy : Buy Aug 2320CE/2300CE
OR
Sell Aug 2260PE/2280PE

Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.

Trade active

⋅ Sep 3, 2021 2:11 AM

1st tgt achieved

Trade active

⋅ Sep 7, 2021 2:59 PM

3rd tgt reached

Comments

ksankaralingam55

⋅ Aug 23, 2021 7:23 AM

Balkrisind Aug 2320 CE ... Can we hold it till expiry ?

MyKEYtoSENSEX

⋅ Aug 23, 2021 7:47 AM

@ksankaralingam55, no. exit at cost or some minimal loss.
may focus on sept 2300ce/2320.
although its giving movement today.

ksankaralingam55

⋅ Aug 23, 2021 7:49 AM

@MyKEYtoSENSEX, Thank you.

ksankaralingam55

⋅ Aug 17, 2021 4:26 AM

Ok, Thank you.

ksankaralingam55

⋅ Aug 17, 2021 3:50 AM

What is the SL ?

MyKEYtoSENSEX

⋅ Aug 17, 2021 4:02 AM

@ksankaralingam55, Already mentioned.2238.
Buy only above 2320.