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
Keep 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. . Reason to Buy: 1) Formation of inverted H&S pattern. 2) Taking support at crucial support zone in daily time frame. . Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels. . Take trade by...
Balkrishna 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
See the description above Regards
Aug 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.
confirmation by sellers ,RSI , and MACD selling point with stoploss given in chart
Cup with Handle formation. Depth of handle shows 60 points confirm support. Target anywhere between 1360 to 1370.
After 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 - ...
BALKRISIND looks strong with volume analysis, buying opportunity exists at the current level with a price target of 1310-1320 in the upcoming 7-10 sessions.
If Breakout Sucessful only then have to long balkrishna target should be marked in the chart ...
Balkrishna has finally broken down its support line on daily Time Frame. If the fall persists we can see 1160 levels (good Support region).
Monthly Resistance Breakout can be seen, you can initiate long on cross of previous day high for target of 1270
Sell between 1196 - 1234. Preferably between 1225 - 1234. Its weekly candle, so holding days is around 1 to 2 weeks. SL 1270 T1: 1100 T2: 1018 Achieve atleast T1: 1100 target. Hold with conviction. Risk Reward 1:3 for T1 and 1:6 for T2
SHORT IF BREAKS PDL TARGETS WILL BE 1196 AND 1183
Strong player in its field. V Shape Recovery Reaching its PRE COVID19 Levels CRS RSI MACD all positive and trending UP. Above all EMA's www.bkt-tires.com
Positional mid to long term 1100-1200 with final target 1520 if wave structure remains ideal. Depending on wave 4 movement wave 5 target will vary. Stop loss can be below 990. Follow and like my smart-work :) Nothing is for sure in the world of stock market thing can go opposite any time. Ask your financial advisor before investing.