Balkrisind- Ascending Triangle.Fresh View>>
#Balkrisind given breakout in #AscendingTriangle pattern now stock can move towards 960/980 levels support at 890.00 level.
#TA
BALKRISIND trade ideas
balkrishnaafter breaking trend line down side dis stock tried many times to close above trend line but not able to close above it now stock also trading below it's mid bollinger band if not recovered den next stop will be lower bollinger band in next few days
stay tuned guys for more updates and trade setup
BALKRISIND has broken a major trendline..! Is it time to short?BALKRISIND has broken a major trendline. Is it time short?
I believe that there are chances for a fibonnachi 50 retracement. But if we get a breakdown at this level then we we could see a sharp fall.
a great harmonic pattern formed in balkrishna industriesa great harmonic pattern formed in balkrishna industries, please check and update me
long unwinding In BALKRISINDBKT CMP: 935. There is a long unwinding on Thursday.
It will come in my short tread setup if it will sustain below the demand zone @ 920-928 the target for the next demand zone.
I will avoid this trade if it will not able to sustain below 920.
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.
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
