BALKRISIND trade ideas
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
#BALKRISHNA IND : RISK FREE ABOVE 1220 FOR 1250-1255 ALSO#BALKRISHNA IND CASH
23 JULY 2018
LOOKS GOOD ABOVE 1208 FOR 1217-1220/1232/1250-1255
RISK FREE ABOVE 1220 FOR 1250-1255 SL 1198
CMP 1199
Balkrishind- Triangle Pattern#BAKRISHIND trading in triangle pattern and now stock looking toward downside support level that is 11% far from current market price if stock continues current trend then stock can move toward 1158. There is resistance level at 1220 to 1250 if stock close above these levels then stock can move upside and that will be non stop move toward 1500-1900++. Watch levels perfectly and trade according to chart patterns.
Balkrishna Industry Aggressive Reversal Bet - Monday IntradayLong if it breaks the high of the previous day with a stop loss at the previous day's low.
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 Industries – Downtrend resumes ?Balkrishna Industries NSE:BALKRISIND failed to cross the crucial resistance around 1139 levels today.
I can see that the stock price got rejected after retracing 61.8% of the previous downmove.
Good opportunity to short here with a stop loss around 1140 levels for targets of 1082 and 1038.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Balkrishna Ind - LongThe price is getting rejected from the demand zone and 200 ema.
Buy - 1082 - 1090
CBSL - 1042
Target - 1195
