BALKRISIND trade ideas
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
BALKRISIND - SECOND SELLING OPPURTUNITY THIS WEEKA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Prefer selling side more since it is in downtrend
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
BALKRISIND - Weakness in the chart below 1630Hi Folks,
BALKRISIND looks bearish in a higher time frame. In above chart already Action Zones are marked. Good short position can be built below 1630.
I hope you will benefit from this knowledge
-MetaVish
BullishUp side .. But above 1668
First target 1697
Second 1715
Down side
Sell below 1645
target 1580
Balkrishna IndustriesBalkrishna Industries is consolidate between 1600 to 1700 and it has also check 1700 resistence level 2 times
If it brake this trendline or Resistence it is going to 1800 to 1900 in short time
Just my view.
Buy above 1700
SL 1675
Target 1 1800
Target 2 1850 to 1900
BALKRISNIND INTRADAY Long upper shadow kind of pattern has been formed in Daily chart.Already ran up.now pending some correction.
So stock may test 1640/1620/1600.
Stop loss 1684
Sell near 1665-1670 if it comes.
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
. . Hit the LIKE button,
. . . . Drop some feedback below in the comment!
❤️ Your Support is very much appreciated ❤️
Balkrishna Industries TRIANGLE PATTERN !! The stock has been consolidating in the triangle range from laste week , can give breakout today or can be bearish .
Buy above 1675 with target of 1710-1715
Sell below 1657 with target of 1640-1635
importance of timeframes.Passing between different timeframes before making a trading decision will give you an edge over other traders.
