Sell Opportunity in BALKRISINDThere is a rejection from 1000 levels. which is also 50% retracement of Fibonacci retracement. easy target would be 900 if it opens gap down. if it is able to close below support trend line. it may fall further.
BALKRISIND trade ideas
Bearish Butterfly BalKrisInd#HarmonicTrading Harmonics In ActionBearish Butterfly BalKrisInd#HarmonicTrading Harmonics In Action
BAKKRISIND - BULLISHBULLISH TREND
Sentiments(Average)
Buy 93 %
Sell 7 %
BUY ABOVE 925
SL - 916
TARGET - 937
Derivative Option OI
Maximum Call @1000 (Resistance)
Maximum Put @800 (Support)
BALKRISHNAIND WEEKLY TIME FRAME BALKRISHNAIND Weekly Time Frame,
BALKRISHNAIND is in a three-wave corrective reversal, after the intial five-wave rise at the beginning of March 2016. We know that once an impulse fully develops (in this instance wave 1), that is when a contra-trend reaction may follow Reactionary wave. At the moment we see price can fall till 743.50 to 679 odd levels, ideally unfolding a zizag consolidation in wave B, which is a continuation pattern, and which also suggest one more push lower into wave C. NSE:BALKRISIND NSE:BALKRISIND
Balkrishna Ind Trading PlanAs per charts. This trade needs extreme management. Please wait till I share my entry.
Good Short if breaks below 856Two bearish pattern first is Bearish Engulfing and second is Evening star makes trend bearish.
Hence expecting 825 if we can see price action around 856 for breakdown.
Short Idea Balkrishna IndNSE:BALKRISIND
Balkrishna Industries, offering short term pull back on daily chart.
However stock has given 2 Pin Bar reversal patterns already. Expecting supply in this zone.
On lower time frame, expect Balkrishna to Break Trendline . and hence short below 840 for target previous pivot low
BALRISHNA INDUSTRIES LONGLevels indicated.
Long at cmp around 940
stoploss-910
1st target-998
2nd target-1030
rejection from same level but crossed it now NSE:BALKRISIND has formed triangle and it has closed above the resistance zone looking for long trade here
BALKRISIND Daily Analysis 05 April 2020Price below 200 DMA.
Trendline at Play.
Fake candle on 17 Feb 2020.
RS is rising since 18 Oct 2019.
