A buy call in resistance zoneBALKRISIND BUY@1302, SL@1235, TARGET@1390
As the stock is in its resistance zone, conservative trader just stay away out of it.
-MOHIT RAJANI
BALKRISIND trade ideas
Balkrishna industries: AnalysisKeep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
Balkrishna Industries - Inverted Head and ShoulderBalkrishna Industries in going to complete inverted head and shoulder pattern in 1 hrs time frame. Target is 1323 till Monday.
Any suggestions are most welcome
BALKRISINDA break above 1275 , stock can make a move to 1290 / 1295
Stop loss : 1265
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Double Bottom + Bullish DivergenceDouble bottom pattern has formed to make
the trend more powerful
a bullish divergence has also formed.
Breakout OR Breakdown??Trading near all time high (ATH).
Unable to break resistance level but also respecting trend line making higher lows with same highs (wicks)!
Worth keeping a watch!!
Intraday (26-08-2020)Marked are the levels for trading in the range bound stock. Initial stages of a triangular pattern visible. Keep in watchlist for coming few days.
Balkrishna Strong resistance at 1400 for 27 August expiryBalkrishna Strong resistance at 1400 for 27 August expiry. Post expiry high chances of new high.
BALKRISIND - Rising Wedge PatternBalkrisInd is looking good inside this rising wedge pattern.
It bounced back very well from recent dip and formed higher high.
Its formation of Higher lows and Higher highs is indicating strength in its uptrend.
Breakout from this pattern from either side may give good momentum.
Disclaimer: The chart provided is only for educational purpose and not a trading recommendation. Consult your financial advisor before taking the trade.
#Balkrisna ind cash : Looks good above 1360.10#BALKRISNA CASH - POSITIONAL CALL
18.08.2020
LOOKS GOOD ABOVE 1360.10
AND DIPS 1347-1350
STOPLOSS 1330
TGT 1440-1460
CMP 1341.30
Positional Long trade16/08/2020
Positional trade
BUY near 1300 TGT 1350-1398-1452
SL-1260
NOTE- PLEASE TRADE ON YOUR OWN RISK
i am only sharing my idea
BALKRISHNA INDUSTRIES INTRDAY BUY LEVELS FOR 11/08Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction. Also leave the trade if it does not triggered in first 2hr as this is momentum based trade
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BALKRISIND - SYMMETRICAL TRIANGLE - CLEAR BREAKOUTAug 11 - 12 - WAIT TILL A BEAKOUT AND ENTER THE CORRECT TIME AND BOOK PROFITS. MARKET SEEMS BULLISH BUT BEARISH SENTIMENT CAN ARRIVE ANYTIME
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
LOOKING FOR A BREAKOUTAS PER CHART THERE WILL BE A POSSIBLE BREAKOUT!!
ENTER IN THE BREAKOUT
AVOID FALSE BEAKOUT
BALKRISHNA INDUSTRIES - LONGReasons for going long:
1) Breakout from Cup and Handle pattern after consolidation.
2) Also a trendline breakout with good volume.
3) Trading above 20, 50 and 200 EMAs
Entry: Can wait for the resistance area to be breached with good volumes and can enter on retracement or with the momentum. Can enter between 1,332.00 to 1,335.00.
Stop Loss: Can place below the resistance area after above entry.
Target: First Target near 1,370.00 where there could be a small resistance. If not then can reach 1,400.00 which is almost near its all time high of 1,453.00
RR Ratio: 1.00 (Entry-1,333.50; SL - 1297.00; Target - 1,370.00)
BALKRISINDBALKRISIND - Good to positional buy around 1335 with SL 1300 as it is taking strong Support.
Analysis is only for educational purpose
