Balkrishna IndustriesBalkrishna Industries: Forming Cup and Handle Pattern, Entry Above 2500, Target 2700-2750, SL: 2390, Time Frame: ~3 months
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BALKRISHNA INDUSTRIES : PULLBACKBALKRISHNA INDUSTRIES
We may expect a pullback in BALKRISHNA INDUSTRIES.
As seen from the chart we may have completed A wave in 5 wave structure.
After 5 wave structure it is assumed that a pullback up to .382 or .618 is evident.
This is for educational purpose. Long may be initiated with understanding of the risk and STOP in mind.
(below trend line it will invalidate)
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BALKRISHNA INDUSTRIES - SWING TRADE - 10th January #stocksBALKRISHNA INDUSTRIES (1D TF)
Swing Trade Analysis given on 10th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #balkrisind
Balkrishna Industries has successfully broken out. Buy Buy BuyBalkrishna industries has successfully broken out from a downward slopping trendline, indicating a significant shift in it's price trajectory. This breakout is supported by a remarkable surge in trading volume, further strengthening the bullish sentiment. MACD crossover also taken place in chart. RSI Also supporting bullish crossover. So indicator and price action showing a bullish moments in this ticker. We can see a sharpe rally for upside from here in this ticker, which can take this to 2700+ levels. Please always trade with stop loss.
Well this stock is very good to make wealth in long term So if anyone wants to invest in this can invest and hold for long term also, Management is also good.
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BALKRISHNA INDUSTRIESBALKRISHNA INDUSTRIES is looking good for a swing trade above levels of 2230(weekly candle breakout and retest) for targets of 2400/2600/2700 and sky is open above all time highs for bigger targets , a series of higher lows showing buyers coming and need a breakout above 2230 for a possible trend change towards upside , RR looks favourable
Balkrishna Industries Limited Balkrishna Industries Limited (BKT) started its Off-Highway tire business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.
Market Cap
₹ 44,849 Cr.
Current Price
₹ 2,320
High / Low
₹ 2,724 / 1,682
Stock P/E
31.8
Book Value
₹ 359
Dividend Yield
0.69 %
ROCE
23.8 %
ROE
21.9 %
Face Value
₹ 2.00
Dividend Payout
37.7 %
Industry PE
25.7
Return on equity
21.9 %
PEG Ratio
1.86
Price to book value
6.47
Debt to equity
0.36
Profit after tax
₹ 1,412 Cr.
Graham
₹ 768
Piotroski score
4.00
ROCE
23.8 %
Pledged percentage
0.00 %
Altman Z Score
9.05
Chg in FII Hold 3Yr
3.67 %
Chg in DII Hold 3Yr
-4.78 %
Profit Var 3Yrs
23.4 %
EPS PY Qtr
₹ 17.1
EPS latest quarter
₹ 15.9
EPS Prev Qtr
₹ 19.4
Balkrishna Industries bearish engulfingBalkrishna Industries formed a bearish egulfing pattern on daily chart with great volume .
It had been consolidating near a resistance but couldnt breakout and now it has formed a bearish reversal pattern..
targets can be 200 ema on daily timeframe or around 2060...
analysis is only for educational purpose
BALKRISHNA INDUSTRIESBalkrishna industries 2101 level make or break level. if break this then buy above 2105 for intraday. for swing not now. when it wil give retracement the after retest we can buy for swing. don't worry time to time i will update you. just keep following.
IF this go down then u can short for intraday.
Balkrishna Industries Balkrishna Industries long term view.
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To make it simple I mentioned all-important levels in one picture, make sure that to watch carefully.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
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Disclaimer:- It's just for educational purposes.