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Balkrishnaind

BALKRISHNA IND 1HRNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:BALKRISIND
by SENSITRADE_T
1
Buy Balkrishna Industries | Ascending Triangle formationOn a 1hr timeframe it is showing a perfect formation of an ascending triangle pattern. Good to enter now @1630 For a target of approx 7.5% in shortterm with a stop loss just below the ascending trendline support. Moreover, if you want to wait and you are not a risky trader then you should see it regularly and buy once if it gives you opportunity at the trendline. Or else buy with less qty now and add when it gives breakout.
NSE:BALKRISINDLong
by Siddharth_23
Investment opportunity in Balkrishna Ind.There has been a big correction in the stock due to the company's decision of expanding the business with help of borrowings, and the stock is at almost 20% down from its all time high. This stock will not be giving much returns in short term as you will definitely see the borrowings increasing in the earnings report. But as time passes those borrowings used will start generating profits and will reduce the borrowings too and the company's past record has shown that they are well capable of doing that. Do not invest if you are looking for short term gains because it will take time before company start the new facility at Bhuj and increase their capacity. Minimum time to stay invested should be 2 years. RSI is really low. Stock is trading near the support level. Good time to take an entry.
NSE:BALKRISINDLong
by Bhrmer
1