BALKRISIND trade ideas
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
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..
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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-.
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-.
BALKRISHNA INDUSTRIES BREA-KING OUT FROM CUP AND HANDLE PATTERNThe stock has been in consolidation for quite long and was forming a cup and handle pattern
the red line acts as a crucial support zone for the stock and the green line acts as a strong resistance which was broken lately .
The stock has given a gap up in last trading session with good volumes which increases further reliability in the stock . the stock can fire up to 3592 levels with some halts in the long run lasting 4 to 6 months
However the company acts at a quite expensive PE of 34 which is way ahead of indutry average of 23 which may be cause of concerns , the piotroski score is 8 , ROCE AND ROE are balanced and above 17 also the debt is negligible also the profitability has touched sky with an increase of 40% YoY BASIS
Balkrishna IndustriesBalkrishna Industries: Forming Cup and Handle Pattern, Entry Above 2500, Target 2700-2750, SL: 2390, Time Frame: ~3 months
Disclaimer: Study only for Educational Purpose.
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