BALKRISHNA INDUSTRIES: INTRADAY LEVEL BUY ABOVE 1352 SL 1329 TARGET: 1359, 1365, 1374 BALKRISHNA INDUSTRIES: POSITIONAL LEVEL - CLOSING BASIS BUY ABOVE 1361 SL 1300 TARGET: 1359, 1364, 1375, 1390, 1410 Posting for Educational purpose only Closing Basis means stock need to trade above 1361 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE,...
#balkrishnaindustries As told earlier, above 1380 a confident up move, below 1350 it weak...More probability of up move...
#Balkrishna Industries tested 0.618 Fib today and resting there... Need to see if crosses the trendline and 0.5 ratio.
Watch for the 0.618 or current levels for reversal in Balkrishna to go Long
I am planning to take a retracement trade here.. looking at the chart, you'll understand.
If Breakout Sucessful only then have to long balkrishna target should be marked in the chart ...
i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
Buy with 1700 Stoploss for 2050 Target
BKT is repeatedly forming these triangle formations.