BALKRISIND trade ideas
#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
below 1288 , balkrishna ......????? i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
Balkrishna IndustriesThe stock has given a triangle break out on the line as well as the candlestick chart supported by good volumes! Some more strength can be seen coming.
Action/Reaction BuyThe stock has broken beautiful center line which could be used for making a Action/Reaction set as explained by Andrews. Today's spike could be due to high volatility in the opening session. Demand is seen at that level. RSI reading above 50 is also confirming the decision so one can go long with following Entry/SL/Target.
Entry 1145
Sl 1105
Target 1225 - 1250
Risk/Reward 2 for the lowest target
Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
#BALKRISINDRetracing from near 61.8 fibo
levels with strength
Reversal confirmation with 2 BH > 50%CH
Gapup
TGC with strength
Resistence/Target 1273 / 1450
SL 1095
BALKRISIND long based on SWING high breakoutBALKRISIND long based on SWING high breakout.
Keep updating TSL as low of previous day candle .
Weak Price action hard moves aheadThis stock has made big run form 2016 to till date and now its running out of steam , it can have a very narrow run left but surely
its on Cliff
Regards
stock is fundamentaly good bt xPect a correction in short term!!I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
BALKRISIND : IN : SHORT As per wave analysis, the script is in correction and it can go down to 1850 levels.
We will analyse sometime in mid jan or 1st week of Feb 2018.
Short # Balkrishna above 2200 ..short term Short #Balkrishna above 2200 ..stop loss -2245
Target -2069-1949
balkrishna industriesstrong momentum in balkrishna can take it to 1900+ levels as longa as 1670 holds
