BALKRISIND
BALKRISIND is Making Symmetrical Triangle Pattern (Breakout TradBalkrishna Industries Limited : Tyre Manufacturing Company ( NSE:BALKRISIND ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
BALKRISIND : BUY ABOVE 1420This stock caught my attention again. stock witnessed heavy positive volumes at resistance and if stock breaks it I think stock has potential to double from here. Buy only above 1420 with very tight stop of 1340.
above means above 1420 on hrly close.
My view only may be 100% wrong
BALKRISINDBALKRISIND:- 1420₹ key level for balkrishna industry 1300₹ clbs for target seen 1600₹++
INVERTED HEAD AND SHOULDER PATTERN
#Disclaimer:-I just shared view for only educational purpose.
BALKRISIND 30min WOLFW WAVEHello, this is my analysis for BALKRISIND. Not recommendation for Buy & Sell.
BALKRISIND - Rising Wedge PatternBalkrisInd is looking good inside this rising wedge pattern.
It bounced back very well from recent dip and formed higher high.
Its formation of Higher lows and Higher highs is indicating strength in its uptrend.
Breakout from this pattern from either side may give good momentum.
Disclaimer: The chart provided is only for educational purpose and not a trading recommendation. Consult your financial advisor before taking the trade.
BALKRISHNA IND - Breaking below its Price ChannelBalkrishna has finally broken down its support line on daily Time Frame.
If the fall persists we can see 1160 levels (good Support region).
BALKRISIND Buy above 1180 on CLOSING BasisBALKRISIND
BUY ABOVE 1180 ON CLOSING BASIS
SL 1120
TARGET 1203, 1220, 1245, 1265, 1275
If sustain above 1250 then only 1265, 1275, 1290 possible
For Safe Trade:
Sell Below 1095 (If sustain) (May bounce between 1075-1095)
SL 1135
Target: 1076, 1065, 1050, 1025
With Risk
Sell Below 1120
SL 1160
Target: 1095, 1076, 1065. 1050, 1025
Posting for Educational purpose only
Closing Basis means stock need to trade above 1180 between 3:25 ~ 3.30 PM
BALKRISIND Daily Analysis 05 April 2020Price below 200 DMA.
Trendline at Play.
Fake candle on 17 Feb 2020.
RS is rising since 18 Oct 2019.
Balkrishna Ind: Wyckoff Distribution Over, Mark-Dow UnderwayFurther to the recent updates, the price action suggests that Wyckoff Distribution is complete and a Mark Down phase is underway in Balkrishna Industries. Here is the link which has the Point & Figure Horizontal count d.pr
BALKRISIND || NEUTRAL || INTRADAYSELL below 772 SL 774
Targets 770, 768, 765, 763, 760
BALKRISIND 31OCT 760 PE (₹22)
OR
BUY above 780 SL 778
Targets 782, 785, 788, 790, 795
BALKRISIND 31OCT 780 CE (₹ 30.60)
BALKRISIND 747 || LONG || INTRADAYBuy above 747 SL 745
Targets 750, 752, 755, 760
OR
BALKRISIND 26SEPT 760 CE (₹21.40)
#balkrisind broken long downtrend @in_tradingviewNSE:BALKRISIND
Balkrisind Broke long Resistance
momentum look good
add till 740
SL 690
T 810 840 900
Double Bottom Formation for BALKRISIND Up Trend Ahead !For BALKRISIND ,there is a double bottom formation in the 1 hr chart signalling the re-tracement of the daily chart downtrend has started , if the price closes above 738.5 we can go for a long
position and the target will be 764
BALKRISIND (Balkrishna Industries Limited) SELL BELOW 708BALKRISIND (Balkrishna Industries Limited) SELL BELOW 708
Descending Triangle !! Still Valid ?Price has moved more than 3/4 th of the structure.
Moving Average suggests short as well
Let's see if its still a valid pattern
Balkrishna Industries: A Potential Wyckoff Accumulation & SpringThis stock is an interesting case study for those interested in Wyckoff analysis. The price has been stuck in a range for a long while now. The recent sell off on high volume comes across as a potential Wyckoff Spring. The quick snapback into the trading range with higher volume today is a positive sign.
Am watching this stock with interest and looking to take long trades if I see further strength going forward. What I want to see is ease of movement to the upside or sign of strength in Wyckoff parlance. Strong green candles with above average volume is what I am looking for. Let's see how this one shapes up.
