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Balkrishna Industries LimitedBalkrishna Industries LimitedBalkrishna Industries Limited

Balkrishna Industries Limited

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BALKRISIND trade ideas

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)
NSE:BALKRISINDLong
by Rajesh_S
BALKRISIND near to breakoutAfter a good movement from 1100 to 1300 stock is went into correction mode. Range bound from last 10 days.Moving between demand & supply zone. Might be continue bullish trend or vice versa. For breakout following points we need to consider. Need to break resistance level 1260-1263. Need to break resistance trendline with vol. RSI > 50 Note - Balkrishna Industry chart is similar as previous week nifty chart, so might be result will be as Nifty.
NSE:BALKRISINDLong
by anuragtrivedi0302
BALKRISIND, YEAR LONG BREAKOUT AFTER CONSOLIDATION.BALKRISIND has given BO from year long TREND LINE and looks bullish above 1028 with 1050-52 as next resistance. Keep this in radar for Monday along with GRASIM. FOR MORE INTRADAY RECOMMENDATIONS & CHARTS REACH OUT. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE". If you receive any benefit from idea, appreciate by your likes/comment. If you earn from my ideas, kindly consider donating small part of your profits to those in need. Reach out if you wish to learn simplest form of price action and willing to put effort in practice. Cheers! Piyush Gupta
NSE:BALKRISINDLong
by study-learning-on-Price-Action
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