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Balkrishnaind

BALKRISHAN TO TAKE LONGBalkrishna Swing trade ideas to take long entry between 2185 and 2210 SL 2175 for the target price of 2250-2275. RSI on monthly and weekly trying to cross 60 levels. on daily 40-level support by RSI. Good bullish sign. Stock able to cross 50 & 200 moving average. Trade with less quantity with strict stop loss. Very hard to find good trade in these scenarios but still trying to get good risk-to-reward trade purely based on price action movement. This is our educational purpose only. Also, watch our Bharat Forge ideas shared again trying for Break out. All the best. Happy trading.
NSE:BALKRISINDLong
by Tech_stock_trader
Balkrisind- shorting opportunityIdea: Given the current market conditions one can initiate short in Balkris ind. For the current expiry one can buy 2100 PE at Rs 20-22 with target of 50 and SL of Rs 7. Once 2050 is broken decisively (earlier demand zone) target 1 and target 2 would be possible in Sep series. Basis: It has broken the trend line on the lower side and given the bearish conditions with Nifty probably approaching 17000 the stock can fall further. (Above is for educational purpose only. Pl consult your financial advisor before investing/trading).
NSE:BALKRISINDShort
by shailenk
Balkrishna Ind. Chart Analysis !!📈 Balkrishna Ind. 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 2397, 2516 and 2692 SL- 39450 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:BALKRISINDLong
by ShelendrAgrawal
Balkrishna Industries Long opportunityNSE:BALKRISIND Hello all Balkrishna industries has been traveling in a channel since March 2020. It came back to its lower trendline, took support, and took off. It broke the trendline 1 and its nearest resistance as well. All this makes it a good opportunity to go long! Besides these points, there are a few more that strengthens my conviction to go long: ->Support from 50 day EMA ->Support from 50 weekly EMA ->Took support from 50%-61.8% Fib level The Risk reward ratio is favorable. Also Nifty seems to have broken its major resistance and there is a high probability of Nifty going up from here. *NOT A CALL*
NSE:BALKRISINDLong
by Traders_Town