BALKRISIND – Zone Based Price Action Setup________________________________________________________________________________
📈 BALKRISIND – Zone Based Price Action Setup
🕒 Chart Type: 15-Min | 🗓 Date: 17th July 2025
🔍 Easy-to-Understand Setup for New Traders
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🚦 Key Zones to Watch
🔴 Top Range (Resistance) – 2779.00
🟠 Mid-Level Zones – 2730.30 | 2681.75
🟢 Bottom Range (Support) – 2633.20
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BALKRISIND
Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action.
The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities.
Trend Overview :
The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base.
Recent corrections indicate a healthy retracement within this uptrend.
Fibonacci Retracement Levels
Balkrishna - Sideways to BullishStock in a small downtrend for last few days
Arriving at a strong support area of 2990-3010
May try to pause and turn back from this level
As it is also a Gap Up support area as well as Resistance turned Support area
Will be good to add on the said levels with a strong Sl below 2960
BALKRISIND - Bullish Consolidation with VolumesNSE: BALKRISIND is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Tr
Balkrishna Industries: Bullish TriangleUsually 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 the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of
Balkrisind- shorting opportunityIdea: 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 with Nifty probably approaching 17000 the stock can fall further.
(Above is for educational purpose only. Pl consult your financial
BALKRISIND - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like m
BALKRISINDBALKRISIND - short
Analysis done on daily time frame.
Bullish M (BAT) harmonic pattern formation.
BShort
Balkrishna Ind. Chart Analysis !!📈 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 : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Bala Krishna IndustriesImportant 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..
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BALKRISHNA INDS WEAK BELOW 2455The 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























