below 1288 , balkrishna ......????? i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
BALKRISIND trade ideas
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
BALKRISHNA INDUSTRIES : Bullish RSI Divergence
Price action is trading at support levels and has formed bullish RSI divergence.
Falling wedge pattern might be broken out soon as price is repeatedly getting supported at 1585-1590 range.
2 spinning tops formed recently with significant volume considering other volume of candles in the vicinity. Spinning tops suggest indecision.
Volume declining with price, supply getting exhausted.
Balkrishna Ind. LtdTook supporting again near 1605 creating double bottom in daily chart.May rise up to
1699/1722 in short term. SL 1630 on closing basis.
balkrishna ind looks bullish in short to medium termin weekly it is in strong uptrend,
in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here.
sl - 1573, 1st tgt - 1732, tgt2 - 1800
Balkrishna Industries, Breakout coming soonStock is in an uptrend. Longs can be inititaed. Long at 1655 tgt 1755 sl 1650 closing basis.
Disclaimer: I am a novice at charting and this chart is only for educational purpose. Views and opinions are welcome.
Balkrishna industries trading ideaThe stock has been making higher top, higher bottom, one of the easiest set up to trade.
The fall from top appears corrective. if you can accumulate at 1630-20 levels. with a stop loss of 1600, one can target 1760 levels.
good risk reward
Balkrishna IndustriesSmall Rounding Pattern
Close above 1480 will give this fuel to move towards 1550/1600
SL 1450 once in Trade
short the stock we saw a bearish engulfing pattern , dark cloud cover and the bearish divergence there and as the price is below 8 ema short the stock !!!!!!!!!!!!!!!!!!!!!!
