BalkrishnaInd failed H&S patternExpect around 1360 in coming week after failed HNS pattern. See previous idea to see the pattern.
Link for previous idea below.
Regards
Balkrishnaind
Very high probability setupAnalysis is given on the chart. Comment if you have any query and if you like my analysis, don't forget to press the like button.
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Balkrishna Industries looking bearishBalkrishna Industries may taste levels around 1355-60 in short term
Balkrisind: Bear is getting weakerBalkrisind
a. Zone: Weak Bear
b. Resistance 1: 1478
c. Resistance 2: 1506.55
d. Support 1: 1435.10
e. Support 2: 1342.30
NSE:BALKRISIND
Balkrishna Two Patterns in Single Chart1. Inv H&S Tgt - RED (1631.70)
2. Flag Pole Tgt - Purple (1706.40)
Two Patterns in a single chart at Day Time Frame
Those Holding, Hold with 1375 SL (DCB)
ONLY STUDY PURPOSE
VIEWS ARE PERSONAL
NSE:BALKRISIND
BALKRISHNA INDUSTRIES , BUY SETUP FOR SHORT TERMA BUY SETUP FOUND ON BALKRISHNA
BALKRISHNA , A FUNDAMENTALLY SOUND STOCK FOR MEDIUM AND SHORT TERM RETURNS
WEEKLY RESISTANCE BREAK OUT DONE AND RETESTED IN DAILY CHART FRAME
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A BUY FROM HERE FOR PHENOMINAL RETURN CAN BE EXPECTED
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TAKE CALL ON YOUR OWN RISK
Is Balkrishna dancing?If the scrip takes support around current levels, it might push towards 1515 and 1554 levels.
Rest you can see it on the chart.
Regards
Head & Shoulder Formed in Balkrishna Ind. Head & Shoulder Formed in Balkrishna Ind. very good long position opportunity buy @ 1480 to 1500, stop loss- 1280, Target 1 - 1595 and Target 2 - 1789. (only for education purpose and demo trading)
BuyBuy at 1450 and 1400 Target 1700
Disc : I am already invested in stock. Please do your research before taking a trade based on published information.
Balkrishnan Industries Still it is not very clear but my opinion is that BALKRISIND is forming an double bottom pattern and may bounce back giving a strong up move,
Lets see, and hope for the best
Balkrishna industries: AnalysisKeep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
Balkrishna Industries - Inverted Head and ShoulderBalkrishna Industries in going to complete inverted head and shoulder pattern in 1 hrs time frame. Target is 1323 till Monday.
Any suggestions are most welcome
BALKRISIND - SYMMETRICAL TRIANGLE - CLEAR BREAKOUTAug 11 - 12 - WAIT TILL A BEAKOUT AND ENTER THE CORRECT TIME AND BOOK PROFITS. MARKET SEEMS BULLISH BUT BEARISH SENTIMENT CAN ARRIVE ANYTIME
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Balkrishna Industries TargetCup with Handle formation.
Depth of handle shows 60 points confirm support.
Target anywhere between 1360 to 1370.
BALKRISIND near to breakoutAfter a good movement from 1100 to 1300 stock is went into correction mode.
Range bound from last 10 days.Moving between demand & supply zone.
Might be continue bullish trend or vice versa.
For breakout following points we need to consider.
Need to break resistance level 1260-1263.
Need to break resistance trendline with vol.
RSI > 50
Note - Balkrishna Industry chart is similar as previous week nifty chart, so might be result will be as Nifty.
