BALKRISIND trade ideas
BALKRISHNA INDS TRADE PLAN: 27 JUL 20 ONWARDSBALKRISHNA INDS @ 1257.60
27 Jul 20
Possible HEAD & SHOULDER pattern, price @ neckline.
Trade Plan 1:
Sell – 1248.90
Target 1 – 1215.60
Target 2 – 1182.25
Target 3 – 1148.90
Strict stop above 1294.25
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
BALKRISIND :- TRADE PLAN 27 JUL ONWRADRSContinuation pattern ( Cup with Handle, Inverted & Head & Shoulder ) shaping up in INDIGO.
Waiting for breakout & confirmation of the pattern!!!
Levels mentioned on chart.
Trade Plan:
Short – 1242
Target 1 – 1197
Target 2 – 1171.85
Target 3 - 1139.10
Strict stop above - 1292
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind,Jai Bharat
BALKRISHNA INDThe WEEKLY time frame has activated a Bearish Harmonic Shark. If it sustains below 1250 then it could retest 1200 and below that 1075. View would negate above 1270
BALKRISHIND - SHORT SETUPThis stock is trading in the same range and forming inside candles of a big candle. If it breaks the range, towards downside, we can easily capture 10-15 points.
BalKrisInd - Short Trade Setup ActivatedOn the chart of BalkrisInd there were two Doji candles and then a down reversal candle that shows weakness on the charts at the top. After 3 days of inside candles, Today BalkrisInd gave a breakdown and in this swing, this may fall down to touch its support of 1170-1200. From here one may short this stock with the stop loss of 1310 or Buy Put.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.
BALKRISHNA IND - Breaking below its Price ChannelBalkrishna has finally broken down its support line on daily Time Frame.
If the fall persists we can see 1160 levels (good Support region).
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
