BALKRISIND trade ideas
[ Positional ] BALKRISIND Long Trader : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Balkrishna Inds - Enters the Demand Zone🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Balkrishna Positional View !BALKRISIND : cmp: 2299.85
After a significant correction taking support near 50 DMA lvl.
Now RSI and trend signal also giving positive signal.
So good to grab here , may test ATH.
View negated below 2240.
Buy above 2320 for the
Tgt of 2396/2438/2489/2545
SL 2238 clbs
Option Strategy : Buy Aug 2320CE/2300CE
OR
Sell Aug 2260PE/2280PE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
BALKRISINDRSI Divergence Sharing for study purpose only.
BalkrishnaINd Making Lower lows on charts.
For early indication, we go down on Hourly charts.
As prices are moving down RSI is not making Lower Lows. (Marked with red arrow)
You can check on the lower time frame also on 15 min/ 5min charts.
It's an accumulation zone for the stock which can give a good up move in few days.
SL stays if RSI breaks the pattern and makes a new low or support zone break.
IF you can observe it's not breaking the RSI level of 40 on daily charts.
Which can also give us buy for Grand Father, Father and son strategy.
Keep watching the stock and keep learning.