BALKRISIND trade ideas
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
Balkrishna inds important level for tradingBalkrishna inds at a crucial level of 2150 if the selling pressure continue a downtrend is expected so wait for level of 2140 & if it retest the level of 2150 selling will continue , trade at your own risk am not encouraging anyone
Balkrishna Sell below 2160 TGT 2137 SL 2186Trade is based on trendline analysis. Please do you own analysis before taking any trade.
uptrend parallel channel pattern in BALKRISINDDiscription:
Stock Name: BALKRISIND
Chart Pattern: uptrend parallel channel pattern
Time Frame: 1D
Entry: Reversal @From support level
Targets: Reversal Target 2600+(Resistance level)
View on top companies as per Market cap. Regular SIP etc.HAPPY INDEPENDENCE DAY. HERE IS MY VIEW ON TOP COMPANIES AS PER MARKET CAP TO DO SIP IN THEM.
WHAT IS A SYSTEMATIC INVESTMENT PLAN?
A systematic investment plan (SIP) is a plan in which investors make regular, equal payments into a mutual fund, trading account, or retirement account such as a 401(k). SIPs allow investors to save regularly with a smaller amount of money while benefiting from the long-term advantages of dollar-cost averaging (DCA). By using a DCA strategy, an investor buys an investment using periodic equal transfers of funds to build wealth or a portfolio over time slowly.
Balkrishna Industries is trading on support for the third time, Balkrishna Industries is trading on support for the third time, there can be a bounce in it.
Balkrishna Inds Cmp 2142 dated 8-8-2022 11.53 amBalkrishna Inds Cmp 2142 dated 8-8-2022 11.53 am
1. Trendline support @ 2100.
Buy for a tgt of 2175-2265-2360-2450 SL 2050
It is just a view, pls trade at your own risk.
BALKRISHNA INDUSTRIES : PULLBACKBALKRISHNA INDUSTRIES
We may expect a pullback in BALKRISHNA INDUSTRIES.
As seen from the chart we may have completed A wave in 5 wave structure.
After 5 wave structure it is assumed that a pullback up to .382 or .618 is evident.
This is for educational purpose. Long may be initiated with understanding of the risk and STOP in mind.
(below trend line it will invalidate)
Thank you
Regards
Balakrishna on parallel channel supportCan be a good pick for swing trade it is on parallel channel trend support expecting a good bounce back from these levels and even SL seems to less for this trade.
TECHNICAL ANALYSIS OF BALKRISHNA INDUSTRIES ON WEEKLY CHARTNSE:BALKRISIND
Trading Strategy based on Yearly floor pivots and price pattern on weekly chart.
Go long if and only if price comes back above the channel trendline as illustrated on the chart
Yearly Central Pivot Range for (2022) is 2120 - 2251.
A close above 2251 and the upper trendline channel on weekly basis is a sign of long entry
Stop loss should be below 2120 , below the yearly central pivot range
Target 2859 yearly pivot resistance R1
#BALKRISIND: Buy, Sell or Hold?#BALKRISIND
Someone asked to check this chart and things are not looking that good. From Upper TL to Lower TL in one week. Yellow Support Zone marked here is the only hope to find support & bounce. Below this zone, we may again see 1600-1750 levels.
@Capital_Growers @krishstocks
Balkrishna Industries Limited Balkrishna Industries Limited (BKT) started its Off-Highway tire business in 1987. For over 30 years, BKT has successfully focused on specialist segments such as agricultural, construction and industrial as well as earthmoving, port and mining, ATV, and gardening applications.
Market Cap
₹ 44,849 Cr.
Current Price
₹ 2,320
High / Low
₹ 2,724 / 1,682
Stock P/E
31.8
Book Value
₹ 359
Dividend Yield
0.69 %
ROCE
23.8 %
ROE
21.9 %
Face Value
₹ 2.00
Dividend Payout
37.7 %
Industry PE
25.7
Return on equity
21.9 %
PEG Ratio
1.86
Price to book value
6.47
Debt to equity
0.36
Profit after tax
₹ 1,412 Cr.
Graham
₹ 768
Piotroski score
4.00
ROCE
23.8 %
Pledged percentage
0.00 %
Altman Z Score
9.05
Chg in FII Hold 3Yr
3.67 %
Chg in DII Hold 3Yr
-4.78 %
Profit Var 3Yrs
23.4 %
EPS PY Qtr
₹ 17.1
EPS latest quarter
₹ 15.9
EPS Prev Qtr
₹ 19.4
BALKRISIND - Ichimoku Bullish Breakout Stock Name - Balkrishna Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at current price
and more bullishness AFTER crossing 2450.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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balkrishna ind best buy now balkrishna industries given breakout best time to entry now with value buying buy at 2445 taret will be 2540 mostly in a 1 to 2 weeks NSE:BALKRISIND
BalaKrishna Industries Weekly and Daily breakout ConfirmationBala Krishna Industries Weekly breakout and daily previous high breakout confirmation on 1st Aug . It can reach up to 2538 if the uptrend continues.
BALKRISIND - LONG - 7% to 15% upside potentialBALKRISIND is breaking 9 month old trendline at 2340-2350 levels. Good for long for targets of 2520, 2710 and new ATH as well!
