Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Balkrisind should give breakout above 2240. Balkrisind Above 2240 Tgt 2280-2300-2350++ Keeping on radar Balkrisind 2240 CE
In my view balkrishna will go up today Entry 2215 SL 2200 Target 2245
Results are good, Weekly bullish engulfing candle. So i go for long in this stock. If you want to stop out your loss , below 1700 closing in weekly candle you may come out .
Long Balakrishna at the BO candle. All important levels are marked on the charts. Good Entry point With risk-to-reward trade. This is for your educational purpose only.
Idea: Given the current market conditions one can initiate short in Balkris ind. For the current expiry one can buy 2100 PE at Rs 20-22 with target of 50 and SL of Rs 7. Once 2050 is broken decisively (earlier demand zone) target 1 and target 2 would be possible in Sep series. Basis: It has broken the trend line on the lower side and given the bearish conditions...
Stock Name - Balkrishna Industries Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at current price and more bullishness AFTER crossing 2450. #This is not Buy and Sell recommendation to any one. This is for...
Balkrishna Industries has given a trendline breakout, volume is also good. RSI is almost at 70 which is a positive sign. CMP - 2349 T1 - 2500 T2 - 2700 Keep 1:1 SL @ 2200 If you like this, please hit the like and subscribe :) Trade Carefully!
BKT about to go down Short below 2201 Target 2120
The symmetrical triangle pattern seen in today's trading session is given a breakout in BALKRISIND and is likely to go up to 2765.
Price bounced from support area and there is high possibility of price to go up. All the analysis and levels mentioned on chart.
BALKRISIND - short Analysis done on daily time frame. Bullish M (BAT) harmonic pattern formation.
📈 Balkrishna Ind. 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 2397, 2516 and 2692 SL- 39450 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer...
Only take position on above 1:5 RR ratio ----------------------------------------------------- Current Price : 1822 Take position at : breakout the triangle setup 1875 Max Target 40% ROI Stop loss according your Psychology RRR 1:6 Time period : 1 year
Important Investment levels and trend line marked. Fundamentally very good stock. Keep accumulating... Study based on purely technicals.... For clarity have marked on weekly charts. Lets Revisit this chart every week... Will update more info as the movement happens in comment section.. Like... Share... Follow
BALKRISIND good and leading tier company completed its 78 retreatment Careful because of result if reversal then ride at trailing SL 2275-2349-2389 for trading or swing For Long term hold with SL of weekly candle
The stock was going up following a trend line and now at the verge of breaking the downside, looks good to sell if sustains below 2455 for the marked targets on chart until 2540 is intact on the upside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Looking good above 2260. It is for an educational purpose.