Short Term Trend tradingI consider this stock is in side ways move based on daily
which gives an potentially to trade with the Bracketed Range
One can look for trading in Equity with small Quantity
Goodluck
BALKRISIND trade ideas
BALKRISIND Descending Triangle Pattern NSE:BALKRISIND
Chart Patterm : Descending Triangle pattern.
📉 Descending Triangle Pattern 📉
The Descending Triangle is marked by a series of lower highs and a relatively flat support level. It’s typically a bearish continuation pattern, suggesting the price might break below the support level after the consolidation phase.
Possible Targets Based on the Pattern:
🔻 Breakdown Target: If the stock breaks below the support level around ₹2779.00, the target can be estimated by measuring the height of the triangle and subtracting it from the breakdown point. The height of the triangle is approximately ₹596.00 (₹3375.00 - ₹2779.00). Therefore, the breakdown target would be around ₹2183.00 (₹2779.00 - ₹596.00).
🚀 Breakout Target: If the stock breaks above the resistance level around ₹3080.20, the target can be estimated by adding the height of the triangle to the breakout point. Therefore, the breakout target would be approximately ₹3676.20 (₹3080.20 + ₹596.00).
📢 Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. The views expressed here are for educational purposes only.
Happy trading! 📊✨
Balkrishna Ind Ltd - BearishStock currently in downtrend
Making constant LLs - LHs
3030-50 strong supply area
View changes if close above 3050
Downside 2800 possible
Trade set up I believe this current structure in the stock suggest it can move another 5 %+ today
or Tomorrow one can look to make Gain with pre defined entry methods
Good luck
BALKRISIND looks good for a swing tradeBalkrishna Industries (BALKRISIND) has shown a strong uptrend in the major trend and has recently formed an inverse head and shoulders pattern during the pullback phase of this uptrend. The neckline of this inverse head and shoulders pattern has been broken, and the stock has also taken support at this neckline, further reinforcing the pattern. These factors together indicate a high potential for an upward move in the near future, suggesting that BALKRISIND could see significant upside.
Balkrishna - Coming near support areaLike other stocks even this one is approaching near strongest support area
1st Area of support 2800-2830
2nd Area of support 2770-2790
Best to wait and see where it takes the halt
Also to wait for a buy candle of to make HH Hls
Targets can be around 3000/3080
Balkrishna - Sideways to BullishStock in a small downtrend for last few days
Arriving at a strong support area of 2990-3010
May try to pause and turn back from this level
As it is also a Gap Up support area as well as Resistance turned Support area
Will be good to add on the said levels with a strong Sl below 2960
My view on Balkrishna Balkrishna Cup and handle pattern breakout and retest completed.
As per pattern it should go around 3700.
Keep eye on it.
BALKRISHNA IND 1HRINTRADAY / SWING TRADE
- EARN WITH ME DAILY 10K-20K –
BALKRISHNA IND Looking good for Downside..
When it break level 3063 and sustain.. it will go Downside...
SELL @ 3063
Target
1st 3032
2nd 3016
FNO
BALKRISIND SEP FUT – LOT 5 (Qty-1500)
BALKRISIND SEP 3150 PE – LOT 5 (Qty-1500) – PRICE (116.85)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Like this Post??? Hit like button..!!!
Follow me for FREE Educational Post and Alert..
Balkrisind ready a quick upswing, positive divergence on RSIBalkrisind ready a quick upswing, positive divergence on RSI, risk is also looking limited, only for education purpose.
BALKRISIND at good supportHigh volumes can be seen near this support of 2750 and looks like a reversal.
Balakrishna industries selling zonFace resistance an all trends are bearish.
U can check daily weekly monthly all technical analysis chart showing bearish Trade setup .
Sell zone 3300-3350
Sl 25-30 rs
Target 90+.
BALKRISIND | CorrectionBALKRISIND has completed it's 5 move structure.
It seems to be entering it's correction phase.
Refrain from going long and those who are already holding it, could book some profit.
Balkrishna Industry Date: 02.08.2024
Stock: Balkrishna Industry
Timeframe: Day chart
Remarks: Watch for double top for breakout trading & support zone for breakdown. In between double top & support zone is sideways, non directional move.
Regards,
Ankur
Balkrishna IndustriesBalkrishna Industries is all set for breakout
Once cross 3367
Surges
3600 ce oi
breakout ready stock | BALKRISINDBalkrishna inds price made a cup and handle chart pattern so beautifully.
stock is ready to give breakout
Breakout level 2480
50 DMA broke by price and retasted this moving average, price taken support of 50 dma and trying to go up.
MACD is also giving buy signal
more upside are seems on price of this stock
Balkrishna Industries Long way to goAmong 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.
Descending Triangle pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3305+.
✅Can Go Long in this Stock by placing a stop loss below 3134-.
BALKRISINDBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
Falling Wedge pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 3360+.
✅Can Go Long in this Stock by placing a stop loss below 3147-.
