BALKRISIND trade ideas
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
BALKRISHNA INDUSTRIES - Bearish Bat - 2H TFBearish Bat pattern on 2H Chart of BALKRISHNA IND. SELL 838-839, SL 849.1, T 830-831.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s) & SL level.
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.
Balkrisind Result PreviewBalkrisind stock lookin too bad on chart and stock may touch 750 level soon as per rounding top pattern on chart. Stock may post bad result as other Tyre stocks posting. Better to stay away from stock as stock don't have support and resistance.
#ResultpreviewwithMrChartist
Balkrishna Ind IntradayAll the levels are mentioned on the chart. Disclaimer - Not a recommendation to buy or sell, view only for educational purpose.
BalkrishnaIt's a short below 958 on 30mins clbs for T1 955, T2 950, Sl 962.
S&R lines are clearly drawn in the chart
