BALKRISIND trade ideas
BALKRISHNA INDSnext leg of rally can see ZzZoon...1800 level very easy for the stock..expecting it in coming sessions
BALKRISIND - KEY BREAKOUT LEVELS FOR 8 JAN 2021 Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
BALKRISHNA- BUYStock has retested the BO area and resuming the up move. Buy with a SL below the demand zone.
BALKRISHNA INDS - Buy in Dips Chart is self explanatory .
Note - This is only for educational purpose .
CUP PATTERN 1st target of 10% achievedThe cup pattern is strong in Balkrishna industries and has potential of around 30% in coming months with stoploss of 2% below the breakout line.
BALKRISHNA IND - Buy OpportunityBalkrishna Ind - Weak sellers - Strong Buyers
Getting Support from Bottom
Great buying opoortunity between 1530-1550
Sl below 1500 Area
Tgts above 1650
Buy near 50 DMAStrong fundamental stock near 50 Day Moving Average and forming higher highs higher lows
Indicator shows an uptrend is coming up
Rounding Top 3H ChartRounding Top 3H Chart
Entry 1540
T1 1490
T2 1450
T3 1412
SL 1618
For Learning Purpose
Flag pattern breakout(Intraday stock for 22-12-20)-Balakrishna ISell stock for 22-12-20 if stock opens in gap up
#BALKRISIND-BEARISH PENNANTBALKRISIND IS FORMING A BEARISH PENNANT CHART PATTERN AND A NARROW RANGE 7 STOCK.THERE IS A HIGH PROBABILITY FOR A BREAKOUT.
GREEN LINES ARE TARGETS,RED NORMAL LINES ARE DAILY S&R AND DOTTED RED LINES ARE SHORT TERM S&R
CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE;
WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM
SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE
FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION
ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT
DONT TRADE AGAINST TREND AND INDICES
FOLLOW FOR MORE TRADE IDEAS AND INFORMATION
