BALKRISIND trade ideas
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.
AS LONG ASSHORT BELOW AND NEAR 800 WITH SL @ 802 ON (CLOSING BASIS) FOR TGTS OF 5-10-15-20 POINTS...
Baalkrishna industry levels to watch on weekly basis 700.If balkrishna industry survive above 700 for another few weeks investor should look for buying opportunity.
Buy signal when breakoutNSE:BALKRISIND
Can go long when breakout happens at around 817, It may go up to 920 in a week if global market allows. NSE:BALKRISIND
BalkrishnaIndustries Cup and Handle Pattern on Weekly ChartsPls comment if anyone does not agree to this view, i will be happy to discuss
Once crosses 1250. its a clear indication of completion of pattern
Balkrishna IND is holding neckline.Head and Shoulder in making.Caution: If the corona fades away, this must hit 1120+ levels.
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.
balkrishna ind sellsell whenever
the stock n range 1286 to 1290
sl 1325
targets 1255
1232
1200 & below
Would you like to trade with setup before reversal...?Previously acted resistances
1) R 1256 (profit booking)
2) R 1319 (tradable)
3) R 1391 (final resistance)
Psychological investors' memory and intelligence are something remember forever. The above 3 resistances mentioned in the past acted are the memory of investors who will repeat as resistance in the future.
Example of Trade setup :
1st Trade: Sell 1319 nearby
2nd Trade: 1391 nearby
Pullback is your targets as per below following:
First, pull-back is easy and for very short term traders: 1196 nearby
The second pull-back is at 1124 and,
The third is correct and perfect pullback which is at 1021 nearby
HIT:
Tail is important for this stock.
Increasing volume is the sign of Reversal Or favour of pullback.
I will update accurate level for trade is you want, please comment for it.
