BalaKrishna Industries BalaKrishna Industries: Demand n Supply area identified marked in chart.
It's in down trend, only momentum trading.
BALKRISIND trade ideas
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.
Bearish Shark - Balkrisind - 4hr Bearish Shark - Balkrisind - 4hr
PRZ: 752-755
SL: 761
TGT: 745, 736
15-07-2019
Double Bottom Formation for BALKRISIND Up Trend Ahead !For BALKRISIND ,there is a double bottom formation in the 1 hr chart signalling the re-tracement of the daily chart downtrend has started , if the price closes above 738.5 we can go for a long
position and the target will be 764
BALKRISIND (Balkrishna Industries Limited) SELL BELOW 708BALKRISIND (Balkrishna Industries Limited) SELL BELOW 708
Descending Triangle !! Still Valid ?Price has moved more than 3/4 th of the structure.
Moving Average suggests short as well
Let's see if its still a valid pattern
BALKRISIND POSTIONAL BETpostional sell below 750 target 550 sl 840 closing
hum jaise bhi hain achhe hain
kam se kam aukaat se zyada
dhikhaawa to nhi krte
10% move for Balkrishna Hello
Looking at balkrishna we still have to wait for the confirmation. As confirmed buying level will be at 810 with target of 900 lvl.
Balkrishna Industries Daily Analysis CMP 787 Double Bottom + Balkrishna Industries Daily Analysis CMP 787
Double Bottom + RSi Divergence + Bullish Harami Pattern( can say 60%) + 75 % of bearish butterfly Ready = Demand Zone
Buy @ 760 - 790 Rs SL 720 ( Closing basis)
Target - 830 - 850 - 870 - 900 - 935 - 970 - 998 +
Safe Players buy only above 840
