BALKRISIND trade ideas
BALKRISHNA INDUSTRIES SYMMETRICAL TRAINGLE BREAKOUTSYMMETRICAL TRAINGLE BREAKOUT after few days of consolidation
Balkrishna Industries - Waiting for a triangle BreakoutLong is high probability trade above 2225 for 2300 targets. Would take profit slightly before psychological round number 2300 kicks.
BKT giving a breakout of a symmetrical triangle1) Breakout of a symmetrical triangle
2) Close to All Time High
3) Long term uptrend comfortably intact
4) Auto Ancillary stock which derives most of its revenue from Europe and America (major +ve in the current market scenario)
5) Trend very strong with ADX at 52
Ascend higher with this ascending up/ up and up stockIn daily chart,making a consolidation pattern. In hourly,completed 5 wave wave structure in the form of ascending triangle.What else we can ask for!!! BUY above break out (2205-2210) with sl 2170-2175. Target around 2300. Standard disclaimer :this is my personal opinion,not a trading recommendation. Trade at your risk with due diligence.
Balakrishna Industries Ltd - Flag Pattern Hi Guys,
Balakrishna Industries was in the consolidation face and if the script moves above the parallel channel and closes in 1hr time frame we can go for Long.
For Risky Traders - Already a Triangle pattern was formed with in the channel. If that triangle pattern is closed above go for Long.
SL - 2155 (Closes below in the 1hr TF).
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
[POITIONAL] BALKRISIND : Breakout Bet.As per charts.
Do not sell before trigger. Follow strict Sl.
If SL hits before triggering Short, it becomes a Long Trade.
DD Advised.
BALKRISHAN TO TAKE LONGLong above 2145 SL 2115 TGT 2180-2200. Entry will be taken after the BO of TL. Good risk to reward trade. This is for your educational purpose only.
balkrishna longthis is very important trendline of balkrishna,it gave breakout on 17 may and retracement phase going on but closing is above trendline so hopes are alive that it may not failed breakout and we should accumaulte with sl of 1800
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 hot2501 possible target on take off that marks the resistance side of the the uptrend channel. a slight pull back and go would be good. this current move will need to be digested for a few days through distribution.
Evening Star Formation in Balkrishna industries on daily TFThe scrip has been on uptrend for quite some time now. It has recently taken rejection from 1965 levels and we can see a downtrend in days to come.
Balkrishna Inds - Long View As per Levels OnlyBalkrishna Inds:
Resistance Breakout View
Long above 1950 with a SL 1938
balu tries to breakoutso, here comes the first attempt for the breakout. keep a very close watch on this counter.
mazza aane wala hai. i expect next week to give quite a handsome gains as the margin requirements for options will go up,
wait and watch
BALKRISN LOOK GOOD FOR LONG TOMMOROW RSI BOVE 60 IN, TAKING SUPPORT ON TRENDLINE AS WELL AS ON MOVING AVG.
BALKRISIND Long with SL 1653BALKRISIND Long
Date: 10/ 01 /20
Stock: BALKRISIND
CMP: 1721.85
Transaction type: Buy
Price: CMP
Target: Open
SL: 1653
It just broke its 1 month high and currently trading at all time high. We can go long here and try to ride the trend.
