BALKRISIND trade ideas
intra day trade for tomorrowBalkrisind analysis for tomorrow
just for educational purpose
trade at your own risk
Balkrishna Inds Cmp 2211 dated 6-1-2023 VOLUME RISEBalkrishna Inds Cmp 2211 dated 6-1-2023
1. Cup & Handle Pattern BO @ 2165
2. Volume Rise
Buy @ Cmp for target 2235-2265-2320-2365 SL 2150
Pattern Target 2500 SL 2100
It is justa a view, please trade at your own risk.
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Cup And Handle PatternA cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.It is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Script = Balkrisind
Time frame = 1Day
Balkrishna ind buy@1900Buy Balkrishna ind @1900
Target for 2000,2050,2100,2150,2200
Cypher as well as Shark 🦈 pattern visible
Stoploss 1875
BALKRISHNA IND
volume is good near to breakout zone supporting from 40 week's moving average. and it's it in range bound from 2/3 months
BALKRISIND• Anti Cypher Harmonic Pattern is going to activate in BALKRISIND above 2003.80
• PRZ is at 2100
• Entry:- 1974 break.
• Upside Resistances can become our targets.
Targets :- 2064.95 , 2100 , 2157
Stop Loss / SL :- 1918.25 Support zone .
Cup n Handle pattern in BalkrishnaIndCup n Handle pattern Balkrishna Industries on Daily chart. Reversal from 2194 to form Handle.
How to Interpret levels in trendline and Horizontal resistanceHow to Interpret levels in trendline and Horizontal resistance. How to draw correct horizontal line from hidden levels.
BALKRISIND - AnalysisThe key levels for BALKRISIND are as follows.
Entry : 2108
Stop-Loss : 2234
Target : 1796
#BALKRISIND - long now#BALKRISIND - looking good to go long for targets of 2060, 2100 with SL @ 1880.
Symmetrical triangle pattern reversal in BALKRISINDBALKRISIND
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of Symmetrical triangel Pattern .
📊 It can give movement upto the Reversal target of above 2200+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 3300+
Strong bullish engulfing patternThe size of green candle in bullish engulfing pattern and the volumes clearly shows a uptrend. We look for around 10% gain in short term. Safe buyers can long if we see a confirmation candle today EOD.
Balakrisind Stock is in symmetrical triangle Results are good, Weekly bullish engulfing candle. So i go for long in this stock. If you want to stop out your loss , below 1700 closing in weekly candle you may come out .
Bearish view on Balkrishna industries- Bearish Flag pattern on daily chart
- Reversal pattern (LH-LL) confirmed on weakly chart
- Bearishness confirms at closing below 1825 on daily basis
- Support level at 1525.
Applying the Wave Principle I have made efforts in Applying wave Principle as per rules and Guidelines
One can make note of it
Good luck
Balkrishna Ind can go downAs Per Elliott wave theory NSE:BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck.
Risk management is Imp, use stop loss, Happy trading.
BALKRISIND | REVERSAL ON THE CARDS | 2.5 RRPoints to be noted:
1> A neckline resistance of 1937 levels is being tested repeatedly & getting rejected
2> For any reversal to sustain, a good base formation must precede it. Here we have a Cup & handle rounded base as a solid foundation
3> A good consolidation usually results in a healthy breakout. We see the stock has been in range for more than a month.
Keeping in mind the above points, a long is initiated as follows:
Entry above 1946.6
SL 1920
Tgt 2011
RR 2.5
As always, trade according to your own risk appetite. And always enter SL first.
Break out!!!More 4 % to get in ur bank.
Making good up weekly move .
Appreciate position in demand zone
If we break the black line resistance then next week will be up move.
Unless it will collapse to down demand zone
Long term bullish
Holding periods 2-3 months for 12%
#Balkrisind breakout#BALKRISIND
Time frame- Daily
* Breakout above 1934
* Target- 2035, 2100
* Stoploss- below 1870
* Swing trade
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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Swing Trade Opportunity in BALKRISINDSwing trade opportunity in BALKRISIND
Entry - CMP (2031)
Target - 2445
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
Symmetrical triangle pattern in BALKRISIND.Discription:
Stock Name: BALKRISIND
Chart Pattern: Symmetrical triangle pattern
Time Frame: 1W
Entry : Reversal Entry (From Support level)
Targets: Reversal Target 2300+(upto resistance level)
and this can be extend for upside upto 3425+ in case this stock is sustain above 2300+ level.
