Balkrishnaind
BALKRISIND - SECOND SELLING OPPURTUNITY THIS WEEKA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Prefer selling side more since it is in downtrend
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Balkrishna Industries #balkrishna Above 1680 can expect a very good move of at least 2 to 300 points.
Bull move to continue1740-1770 is the level which I am looking for . 1500 is the zone which must be protected if upmove has to continue. 1680 is the short target . I have buy position in the counter from 1282 level.
Balkrisind Long!!!!Few days back BO give above 1410 with good volume and trade was shared
All time high-11514
now 1410 resistance becomes good support and good volume seen near this support
support zone of demand zone---1336 to 1195(which is also fibo retracement 78.6% and 61.8%)
bullish in all time frame
comfortably sitting above all important moving average
very bullish structure
LONG TERM PICK "BALKRISHNA INDUSTRIES"Watch out Friends, Looking For A Very Good Upside In Coming Days..
Please note that m not a SEBI registered analyst, posting my views what i am personally trading as well.
Balkrishna IndustriesShorts can be initiated as fifth wave is completed.
First target can be 1400 and then 1240
Balkrishna Industries#balkrishna 1415-18 is the resistance zone now. Possible scenarios for this are indicated on chart. Above 1415 buy and if breaks 1400 then weak.
BALKRISHNA INDUSTRIES - INTRADAY AND POSITIONAL LEVELSBALKRISHNA 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
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BALKRISHNA INDIt continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones give a trend based signal with momentum both in terms of price and time.
BALKRISIND - Good Long Positional Opportunity Two rejecting candle on D timeframe above 50 EMA and ST , price is will willing to go up. One can go long for a Target of 1500 and SL as PDL.
Balkrishna Industries#balkrishnaindustries As told earlier, above 1380 a confident up move, below 1350 it weak...More probability of up move...
#Balkrisind Parallel channelBalkrisind is moving in a parallel channel and there is a higher probabilty to move towards 1422 and 1445 once moves above 1388 levels for swing trade.
See the previous idea of the same scrip below.
Regards
Balkrishna Industries#Balkrishna Industries tested 0.618 Fib today and resting there... Need to see if crosses the trendline and 0.5 ratio.
