Balkrishna Industries LtdIts near its 52 Week low.
Dividend giving stock.
Promoter Holding is good & No promoter Pledged.
Debt is less than reserves.
Demand Zone are marked as green shaded horizontal area.
Support is marked as green horizontal line at 1890, may act as small reversal point.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Price is above 200 EMA on weekly chart, this 200 EMA may act as a reversal zone.
Demand Zone is from 1700 to 1550, which may act as reversal zone.
Levels:-
Buy 1890 - 1700 - 1550
Stoploss 1450
Tgts 2320 - 2500 - 2680
Long Term 3000 - 5000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Search in ideas for "BALKRISHNA INDUSTRIES"
Falling wedge pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2430+.
✅Can Go Long in this stock by placing a stop loss below 2345-.
BKT long indicationsBalkrishna 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.
Balkrishna Industries Positional View !BALKRISIND : cmp : 2323.4
A falling supply trendline breakout done near 2287-2300 zone.
Good base formed near 2180-2200 lvl . So downside limited.
Making higher highs for 3 days.
RSI & MFI trending up.
Accumulation zone : 2280-2320
profit booking zone may be 2417 - 2527
Sl 2276 Dclbs/According to your risk appetite.
Positional TGT 2800+
SL 2176 Dclbs
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Cipla - Long Term Investment PickBalkrishna Industries & Cipla in my long term holding list.
For Positional Traders Cipla Buy At Cmp 770 Strict SL - 670 (Day Closing Basis) Target - 1050/1100/1150
And in posted chart this is short term swing trade - Buy cipla at cmp 770 with SL of 729 Target - 840/855/870
BOSCH is ready for breakoutBalkrishna Industries is ready to day breakout it is also consolidate from November it is also tested trendline 2 times but not break.
but this time it is consolidate near trendline
If it brake this trendline or Resistence it is going to 14000 in short time
Just my view.
Buy above 13163
SL 13000
Target 1 14000
Target 2 15000