BALKRISIND trade ideas
Upon solid 1/1 supportThe stock has sound 1/1 support in the range 1107-1140 in short term. The stock is expected to move up to 1500 in short/ medium term
Balkrishna Inds Falling KnifeFundamental: Buying it. It fell due to capex expansion. It has to come up.
Technical : Swing
BALKRISIND | Short on any riseBalkrisInd missed to post earlier. It can be shorted on any rise. Expected to come down to 1240-50 if Breaks the middle point. which is minimum target from here.
Balkrishna Ind - Channel.During Year 2018, stock is nicely moving in upward channel. Every time its took
support near lower line of Channel & manage to bounce till 127.2% of previous down fall.
After that took resistance near 127.2% & falling till minumum 78.6% of upmove.
This time again stock has taken resistance @ 127.2% of last down move & fallen.
Will History Repeat ?
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
BalKrishna Industries Bounce Uptrend TradeEntry and Exit Points:
Entered on 10 Aug 18 at 1268.75 with CBSL at 1214.05
TSL 0.00% update on 14 Aug 18 from 1214.05 to 1218.55
TSL 0.00% update on 24 Aug 18 from 1218.55 to 1297.40
Current Trailing Stop loss = 1297.40
In case of hitting stop loss confirmed profit of 28.65 points.
BalkrishnaIndA breakout stock, pull back in place. If available in the range of 1330 buy with an SL keeping a target above 1380 and second target can be at 1400.
Balkrisind- Cup and Handle Patern#BALKSRISIND NSE:BALKRISIND has just given breakout in Cup and Handle pattern and now stock trying to move toward levels 1328 to 1400 and there support at level 1210 to 1178.
Bakkrishna Bakkrishna after breakout on daily chart, see how chart forms same patterns again and again. "Big move then small consolidation" this repeats.
Bearish Butterfly Bearish Butterfly @Short 1352 *** if stocks sustain at the price 1352 till 15 to 20 minutes don't take the trade may be uptrend is more if it starts falling means TG1 1269
BALKRISHNAIND Longstock is currently in uptrend so when it made a swing low in daily then its more confirmation of uptrend . enter when ORB triggers in upside with stop loss at 1221 with a target of 1273 if daily candle closes above today's close then go positional
