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Balkrishna Industries Ltd. - CAN FIB LEVEL BE CROSSED??Balkrishna Industries Ltd. The stock has retraced back to 78.6% of the fall and is taking resistance at 1163-1170 price zone. In the hourly chart, RSI divergence is seen. On the downside, the prices took Support from the historical support price of 1125. If the price does not cross 1167 with volume and closes below 1120 & shows conviction, more bearishness can be seen. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my personal view. Please take advice from your financial advisor before investing.
NSE:BALKRISINDShort
by Garey_Singh
Balkrishna Industries – Downtrend resumes ?Balkrishna Industries NSE:BALKRISIND failed to cross the crucial resistance around 1139 levels today. I can see that the stock price got rejected after retracing 61.8% of the previous downmove. Good opportunity to short here with a stop loss around 1140 levels for targets of 1082 and 1038. Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
NSE:BALKRISINDShort
by nano6yogesh
Balkrishna Industries share ideaInvesting in Balkrishna Industries (BKT) within the price range of 2180-2230 can be seen as a strategic move for several reasons: Strong Industry Position: Balkrishna Industries is a leading player in the off-highway tire segment, catering to agricultural, industrial, construction, and earthmoving equipment. The company's robust market position provides it with a competitive advantage and stability within the industry. Global Presence: BKT has a significant global presence, with its products being exported to over 160 countries. This global footprint indicates diversified revenue streams and exposure to various markets, reducing dependency on any single market. Growing Demand: The demand for off-highway tires is expected to rise with increasing industrialization, infrastructure development, and agricultural activities worldwide. Balkrishna Industries is well-positioned to capitalize on this growing demand, potentially leading to revenue and profit expansion. Innovative Products: BKT emphasizes innovation and invests in research and development to introduce technologically advanced products. This commitment to innovation enhances its product portfolio and keeps the company competitive in the market. Financial Performance: Before making any investment decision, it's crucial to analyze Balkrishna Industries' financial performance, including revenue growth, profit margins, debt levels, and cash flow. Ensuring the company maintains a healthy financial position is vital for long-term sustainability and growth. Risk Management: Like any investment, there are inherent risks associated with investing in Balkrishna Industries. Factors such as economic conditions, currency fluctuations, raw material prices, and competition can impact the company's performance and stock price. Before buying shares of Balkrishna Industries, conducting thorough research, considering the company's fundamentals, growth prospects, and overall market conditions is essential. Additionally, consulting with a financial advisor can provide valuable insights and help make informed investment decisions tailored to individual risk tolerance and investment objectives.
NSE:BALKRISINDLong
by rkj2108
1
Balkrishna Industries: 20% upsideDate: 09 Nov 2021 Balkrishna Industries (CMP: 2496.95) Competitor of MRF. Company is going to declare results on 11 Nov as per filing with exchanges (2 days from now). Stock is making triangle pattern with perfect setup on RSI. Breakout will above 2550. If they post good result then stock will go upto 3,000 (T1: 2700, T2: 2850, T3: 3000). One can dare to take entry in this largest tyre manufacturing company. Keep a stoploss at 2350. Return percentage is 17.64%. If you take entry at 2500 and stock hits final target of 3000 then perfect return of 20%. RR is 1:3. Duration of final target appears to me as 31 Dec 2021.
NSE:BALKRISINDLong
by Mayur_Undale
Mega Breakout: All time high breakout in Balkrishna IndustriesBalkrishna Industries breaks all time high price and just enter into Blue Sky Zone. Balkrishna Industries deals in the OFF-track tyres sector which in a high demand due to positive returns in the agriculture sector. This company is market leader in this sector and continuously providing good results in the past six to seven years. Company has installed new capacity and be operational from this quarter. The company has just started working in the mining sector and keep on diversifying the product lines. Jai Bharat
NSE:BALKRISINDLong
by DrDavinderChechi
Balkrishna Industries Buy above 2372Buy Balkrishna Industries above 2372, Target 1 = 2400, Target 2 = 2446 SL = 2240. Reason for trade, price has taken support above previous swing high (see the green line price 2312.10) and has formed bullish outside reversal candle which is bigger than average candle size. if price starts treding above previous day high then target 1 and target 2 is possible. Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
NSE:BALKRISINDLong
by VikasRanjane
Balkrishna Industries Long opportunityNSE:BALKRISIND Hello all Balkrishna industries has been traveling in a channel since March 2020. It came back to its lower trendline, took support, and took off. It broke the trendline 1 and its nearest resistance as well. All this makes it a good opportunity to go long! Besides these points, there are a few more that strengthens my conviction to go long: ->Support from 50 day EMA ->Support from 50 weekly EMA ->Took support from 50%-61.8% Fib level The Risk reward ratio is favorable. Also Nifty seems to have broken its major resistance and there is a high probability of Nifty going up from here. *NOT A CALL*
NSE:BALKRISINDLong
by Traders_Town