Balkrishna Industries #balkrishna Above 1680 can expect a very good move of at least 2 to 300 points.
BALKRISIND trade ideas
Balkrisind Intraday 30 Nov 2020In higher time frame - triangle chart pattern breakout
In lower time Frame - Price action from HH, HL and instead of making HH its failed to make it. Previous High
And its look like Triple top forming + inside channel pattern
Expecting minor Trendline breakout - deciding which side to enter trade
Balkrisind - Long on retracementWe have a short term trading Opportunity with Balkrisind. Long on retracement of price to the green line with mentioned SL and targets.
All the best Y'all!
Bull move to continue1740-1770 is the level which I am looking for . 1500 is the zone which must be protected if upmove has to continue. 1680 is the short target . I have buy position in the counter from 1282 level.
Balkrisind Long!!!!Few days back BO give above 1410 with good volume and trade was shared
All time high-11514
now 1410 resistance becomes good support and good volume seen near this support
support zone of demand zone---1336 to 1195(which is also fibo retracement 78.6% and 61.8%)
bullish in all time frame
comfortably sitting above all important moving average
very bullish structure
LONG TERM PICK "BALKRISHNA INDUSTRIES"Watch out Friends, Looking For A Very Good Upside In Coming Days..
Please note that m not a SEBI registered analyst, posting my views what i am personally trading as well.
Balkrishna IndustriesShorts can be initiated as fifth wave is completed.
First target can be 1400 and then 1240
Balkrisind Bullish Bias Target OpenHighly Bullish Stock
Can be bought at CMP levels or if retraces
Buying in Dips
Stop Loss 1290 levels
Target is Open
BALKRISHNA INDS good short candidateBalkrishna spot cmp 1555
Bearish equivalent ABCD pattern formation
PRZ in range 1580 to 1600
Trade to be initiated only after reversal from prz zone
SLZ above 1640 levels
Down side we can se 1480--1450--1410 levels
BALKRISIND - stock at important resistance levelsSTOCK IS AT IMPORTANT RESISTANCE LEVELS. BREACHING WITH VOLUME SHOULD BE A STRONG BREAKOUT
Balkrishna Industries#balkrishna 1415-18 is the resistance zone now. Possible scenarios for this are indicated on chart. Above 1415 buy and if breaks 1400 then weak.
