BALKRISHNA IND 1HRNote:
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BALKRISIND trade ideas
Buy Balkrishna Industries | Ascending Triangle formationOn a 1hr timeframe it is showing a perfect formation of an ascending triangle pattern. Good to enter now @1630 For a target of approx 7.5% in shortterm with a stop loss just below the ascending trendline support.
Moreover, if you want to wait and you are not a risky trader then you should see it regularly and buy once if it gives you opportunity at the trendline. Or else buy with less qty now and add when it gives breakout.
BALKRISIND for long, a game of tough probabilities.BALKRISIND has been following a trend of upwards but in a rather unusual manner.
Good quarterly results have paved a way for a target of 2000.
Challenges are there but within the range of 1700-1780 above that, it looks good for a target of 2000 or above for sure.
Disclaimer: All charts are purely for educational and information purposes only. Invest or Trade at your own risk.