#BALKRISIND - long now#BALKRISIND - looking good to go long for targets of 2060, 2100 with SL @ 1880.
BALKRISIND trade ideas
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.
long trade on BALKRISHNA INDSCompared to its competitors, the stock did not take part in the most recent surge. The severe decline in Brent crude prices over the previous few days is the basis for this trade's reasoning and concept. The small stop loss for this trade is set by point and figure charts rather than candlesticks. Stoploss will be lower than 1950.
My stoploss is 1939, and my first target is 2125 as well as the other targets listed above. This trade is positional. NSE:BALKRISIND NSE:BALKRISIND
Balkrishna IndustriesGood pattern is visible in #Balkrishna Industries. Todays candle is good reversal candle and can be confirmed with another candle tomorrow. Bought for swign trade at 1970. Target 22022. SL 1950 DCB.
Bearish Balkrishna IndusBalakrishna Industries was travelling in Raising wedge pattern and comfortably broke the support on both weekly/daily and closed exactly on price engaging area
It also seems to be like a typical H&S pattern, if the stock opens below the previous day low, go short for the targets given.
RISING WEDGE, BEARISH PATTERNThe above idea is my personal observation.
I am not a sebi registered analysist
The Material(CHART) neither purports to be, nor is it intended to be, advice to trade or to invest in any financial instrument,
or class of financial instruments, or to use any particular methods of trading or investing.
BALKRISHAN TO TAKE LONGLong Balakrishna at the BO candle. All important levels are marked on the charts. Good Entry point With risk-to-reward trade. This is for your educational purpose only.
Balkrisind- shorting opportunityIdea: Given the current market conditions one can initiate short in Balkris ind. For the current expiry one can buy 2100 PE at Rs 20-22 with target of 50 and SL of Rs 7.
Once 2050 is broken decisively (earlier demand zone) target 1 and target 2 would be possible in Sep series.
Basis: It has broken the trend line on the lower side and given the bearish conditions with Nifty probably approaching 17000 the stock can fall further.
(Above is for educational purpose only. Pl consult your financial advisor before investing/trading).
Breakout in BALKRISINDBreakout in BALKRISIND
Entry: CMP
Target: 1888
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.
Bearish flag and pole in Balkrishna inds We can clearly see the bearish flag and pole like structure can be seen at Balkrishna inds
