BALKRISIND trade ideas
BALKRISINDEntry at CMP stock expected to make an upmove towards 1277 followed by 1288
Stop Loss : 1260
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.
BUY BALKRINDBALKRISIND 1314
RESISTANCE : 1348 1378 1400
SUPPORT : 1279 1244 1190
BUYING LEVEL NEAR 1295 OR ABOVE 1314
NOTE : 1279 is the main support after that trend will be change . So watch 1279 level carefully. Support and Resistance on closing bases
BALAKRISHNA INDUSTRIES: A 17 week long Cup with handle pattern.BALAKRISHNA INDUSTRIES: A 17 week long Cup with handle pattern. with a cup depth of 46% and currently the CMP at the neck. If breaks we can anticipate a good move upward.
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Could break trend line Buy only it closed above trend line with good volume.
I will update target and SL here one breakout is done.
Balkrishna Long Setup Monthly Resistance Breakout can be seen, you can initiate long on cross of previous day high for target of 1270
balkrishna -trading in tight range near trendline ..expected a good 100 point move here
entry-above 1280
sl-logical sl 1210 ,tight sl-below PDL 1235
target -1400
BALKRISIND - Harmonic PatternsSell between 1196 - 1234. Preferably between 1225 - 1234.
Its weekly candle, so holding days is around 1 to 2 weeks.
SL 1270
T1: 1100
T2: 1018
Achieve atleast T1: 1100 target. Hold with conviction.
Risk Reward 1:3 for T1 and 1:6 for T2
[Buddha] BALKRISIND Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
BALKRISIND Buy above 1180 on CLOSING BasisBALKRISIND
BUY ABOVE 1180 ON CLOSING BASIS
SL 1120
TARGET 1203, 1220, 1245, 1265, 1275
If sustain above 1250 then only 1265, 1275, 1290 possible
For Safe Trade:
Sell Below 1095 (If sustain) (May bounce between 1075-1095)
SL 1135
Target: 1076, 1065, 1050, 1025
With Risk
Sell Below 1120
SL 1160
Target: 1095, 1076, 1065. 1050, 1025
Posting for Educational purpose only
Closing Basis means stock need to trade above 1180 between 3:25 ~ 3.30 PM
BALKRISIND EOWA 21 June 2020Strong player in its field.
V Shape Recovery
Reaching its PRE COVID19 Levels
CRS RSI MACD all positive and trending UP.
Above all EMA's
www.bkt-tires.com
BALKRISHNAINDTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
For online course feel free to DM
Balkrishna Industries in 3rd wavePositional mid to long term 1100-1200 with final target 1520 if wave structure remains ideal.
Depending on wave 4 movement wave 5 target will vary.
Stop loss can be below 990. Follow and like my smart-work :)
Nothing is for sure in the world of stock market thing can go opposite any time. Ask your financial advisor before investing.
