Search in ideas for "BALKRISHNA INDUSTRIES"
Balkrishna IndustriesShorts can be initiated as fifth wave is completed.
First target can be 1400 and then 1240
Balkrishna Industries Low RSI and an ideal short candidate till 1255, strong support area. Has strong resistance at 1514 levels on the higher side.
Not a SEBI Authorized Advisor. Chart analysis are for my own trading purpose.
BALKRISHNA INDUSTRIES SWING ALERT!!!NSE:BALKRISIND
A break of 1418 can confirm a target of 1501
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
BALKRISHNA INDUSTRIES INTRDAY BUY LEVELS FOR 11/08Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction. Also leave the trade if it does not triggered in first 2hr as this is momentum based trade
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BALKRISHNA INDUSTRIES - LONGReasons for going long:
1) Breakout from Cup and Handle pattern after consolidation.
2) Also a trendline breakout with good volume.
3) Trading above 20, 50 and 200 EMAs
Entry: Can wait for the resistance area to be breached with good volumes and can enter on retracement or with the momentum. Can enter between 1,332.00 to 1,335.00.
Stop Loss: Can place below the resistance area after above entry.
Target: First Target near 1,370.00 where there could be a small resistance. If not then can reach 1,400.00 which is almost near its all time high of 1,453.00
RR Ratio: 1.00 (Entry-1,333.50; SL - 1297.00; Target - 1,370.00)
Balkrishna Industries TargetCup with Handle formation.
Depth of handle shows 60 points confirm support.
Target anywhere between 1360 to 1370.
BALKRISHNA INDUSTRIESBALKRISIND seems to be trading in the broadening triangle. It took support perfectly at the support line of the triangle in the March crash & now looks to be going towards the resistance line around 1450 near the all time high of the stock.
Balkrishna Industries in 3rd wavePositional mid to long term 1100-1200 with final target 1520 if wave structure remains ideal.
Depending on wave 4 movement wave 5 target will vary.
Stop loss can be below 990. Follow and like my smart-work :)
Nothing is for sure in the world of stock market thing can go opposite any time. Ask your financial advisor before investing.
BALKRISHNA INDUSTRIES Analysis Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
SHORT BALKRISIND Balkrishna Industries is in Overbought zone and RSI is also showing bearish Divergence
MACD's signal line is also forming a bearish curve and may show a crossover soon
Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move
A Bearish Engulfing pattern has been formed which shows Bears are dominating Bulls and which pull the stock downward for sure
It can't get clearer than this, a correction is surely expected
Happy Trading .......
Balkrishna Industries bounced from a good support levels.BALKRISKHNA INDS: The stock has took support at an important level and bounced back. The price action is strong – a bull sash pattern. Also noticed a bounce & support at the KS & TS line (both pointing north). Chikou free above the prices and kumo. RSI into bullish zone just below 60 while MACD is strong above 0. The stock is into bullish momentum and expected to keep its trail up, the next big resistance is close to 960, a close above 900 will further reassure bulls.
#Balkrishna Industries NeutralMay play in range of 812-900
above 900 breakout on daily closing
may lead to Tgt 950 / 970
LoosersBalkrishna Industries is heading downwards whereas Nifty moves upward, chances of revival is not seen in weekly charts
Balkrishna Industries Long SetupLong if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
BalKrishna Industries Bounce Uptrend TradeEntry and Exit Points:
Entered on 10 Aug 18 at 1268.75 with CBSL at 1214.05
TSL 0.00% update on 14 Aug 18 from 1214.05 to 1218.55
TSL 0.00% update on 24 Aug 18 from 1218.55 to 1297.40
Current Trailing Stop loss = 1297.40
In case of hitting stop loss confirmed profit of 28.65 points.
Balkrishna IndustriesThe stock has given a triangle break out on the line as well as the candlestick chart supported by good volumes! Some more strength can be seen coming.
