BALKRISIND trade ideas
Balkrishna IndBalkrishna ind CMP 1388..add on dips till 1340..Upside 1405/1420/1435/1445/1455..Support 1320
BALKRISHNA INDUSTRIES - INTRADAY AND POSITIONAL LEVELSBALKRISHNA INDUSTRIES:
INTRADAY LEVEL
BUY ABOVE 1352
SL 1329
TARGET: 1359, 1365, 1374
BALKRISHNA INDUSTRIES:
POSITIONAL LEVEL - CLOSING BASIS
BUY ABOVE 1361
SL 1300
TARGET: 1359, 1364, 1375, 1390, 1410
Posting for Educational purpose only
Closing Basis means stock need to trade above 1361 between 3:20 ~ 3.30 PM
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BALKRISHNA INDIt continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones give a trend based signal with momentum both in terms of price and time.
BalkrishnaInd - Intraday View -- Can Break supportBalkrishnaInd:
Intraday View
Can Break a Good support
Short below 1339 with SL 1352
Short Balkrishna IndustriesShort Balkrishna Industries Below 1344 SL 1375 1st Target 1305 and 2nd Target 1280
Balkrishna Industries Low RSI and an ideal short candidate till 1255, strong support area. Has strong resistance at 1514 levels on the higher side.
Not a SEBI Authorized Advisor. Chart analysis are for my own trading purpose.
BALKRISIND - Good Long Positional Opportunity Two rejecting candle on D timeframe above 50 EMA and ST , price is will willing to go up. One can go long for a Target of 1500 and SL as PDL.
just sharing my point of view on stocks and indices. just sharing my point of view on stocks and indices. TRADE RESPONSIBLE
Balkrishna Industries#balkrishnaindustries As told earlier, above 1380 a confident up move, below 1350 it weak...More probability of up move...
#Balkrisind Parallel channelBalkrisind is moving in a parallel channel and there is a higher probabilty to move towards 1422 and 1445 once moves above 1388 levels for swing trade.
See the previous idea of the same scrip below.
Regards
BALKRISIND with 4:1 risk reward ratio Positional Trade
BALKRISIND Buy: 1382; T1: 1450; T2: 1550; SL: 1340;
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Buy a small quantity now at CMP and wait for the trend to get break to make complete position in stock.
Risk taker can wait for target2 and risk averse traders should book their profits at target1.
What I suggest is to book partial profits at 1st target and wait for the target.
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Hit a like and don't forget to share with your friends and colleagues.
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-Mohit Rajani
BALKRISHNA INDUSTRIES SWING ALERT!!!NSE:BALKRISIND
A break of 1418 can confirm a target of 1501
(ALWAYS TRADE BASED ON YOUR OWN ANALYSIS, USE OPINIONS ONLY AS REFERENCES)
Balkrishna Industries - Will it make a new highBalkrishna Industrie is trading around its Monthly Support Level which is also a Supply Zone for this Script.
Details on Chart. If it takes support at 1360 and makes a green candle then we may see 1600 levels.
