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Balkrishnaind

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
Balkrishna Industries: 20% upsideDate: 09 Nov 2021 Balkrishna Industries (CMP: 2496.95) Competitor of MRF. Company is going to declare results on 11 Nov as per filing with exchanges (2 days from now). Stock is making triangle pattern with perfect setup on RSI. Breakout will above 2550. If they post good result then stock will go upto 3,000 (T1: 2700, T2: 2850, T3: 3000). One can dare to take entry in this largest tyre manufacturing company. Keep a stoploss at 2350. Return percentage is 17.64%. If you take entry at 2500 and stock hits final target of 3000 then perfect return of 20%. RR is 1:3. Duration of final target appears to me as 31 Dec 2021.
NSE:BALKRISINDLong
by Mayur_Undale