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Balkrishnaind

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
Balkrishna Inds - Enters the Demand Zone🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:BALKRISINDLong
by PrakWorld_Traders