Get started
Balkrishna Industries LimitedBalkrishna Industries LimitedBalkrishna Industries Limited

Balkrishna Industries Limited

No trades
See on Supercharts
OverviewFinancialsNewsIdeasDiscussionsTechnicalsForecastSeasonalsETFs

BALKRISIND trade ideas

Balkrishna Industries bounced from a good support levels.BALKRISKHNA INDS: The stock has took support at an important level and bounced back. The price action is strong – a bull sash pattern. Also noticed a bounce & support at the KS & TS line (both pointing north). Chikou free above the prices and kumo. RSI into bullish zone just below 60 while MACD is strong above 0. The stock is into bullish momentum and expected to keep its trail up, the next big resistance is close to 960, a close above 900 will further reassure bulls.
NSE:BALKRISINDLong
by BharatJhunjhunwala
Balkrishna Industries Balkrishna Industries is in a upward channel. An upward channel is always considered a bear flag and breakout in upward direction can be completely ruled out technically. Doji candle formed in todays session has taken support at 50 DMA . This candle is a bearish candle which signals exhaustion. And if you see the big bull candle at the top of channel signals buy climax. I technically rule out any upmove and expect price to come down crashing once it closes below 50 DMA. This stock is a sell for me at these levels. Volume in this case doesnt tell us much as far as red candles are concerned however last green candle completely signals a buy climax. SELL this stock to the level of 780 to say the least.
NSE:BALKRISINDEducation
by priceNpedia