Among the tyres, I always love Balkrishna Industries. I held it during 2018 and for few years later.. One of the fine exporters of tyres with large no:of SKUs. Look at the quarterly chart. Price is at the bottom of the channel. Breakout retested. Higher low has formed. Looking good for long term. Disclaimer: No recommendation.
Multiple inside bars and C&H pattern indicating a positive move for the stock. Results are due on 17th May for Q4. A significant part of company's revenue comes from overseas operations and subsidiaries. Let' see if it breaks out before results as we are almost a week away.
Balkrishna Industries long indications from charts. Breaking the resistance levels. Need to check on the volume that is incoming in this. Ending the downward channel resistance levels. Track the retracement levels. Can reach initial levels of 2450 and if sustaings can reach levels of 2800. No recommendation, justy view based on chart.
BKT about to go down Short below 2201 Target 2120
BKT is repeatedly forming these triangle formations.