Intraday Trade: watch for resistance breakoutbuy above 2242 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
BALKRISIND
Balkrishna Inds - Enters the Demand Zone🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
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!!
Balkrisind Intraday 30 Nov 2020In higher time frame - triangle chart pattern breakout
In lower time Frame - Price action from HH, HL and instead of making HH its failed to make it. Previous High
And its look like Triple top forming + inside channel pattern
Expecting minor Trendline breakout - deciding which side to enter trade
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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