BALKRISIND Key highlights: 💡⚡ ✅On 1D Time Frame Stock Showing Breakdown of Rising wedge Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breadown target of 1800-. ✅Can Go short in this stock by placing a stop loss above 2260+. ✅After breakdown this can give risk:reward upto 1:10+.
How to Interpret levels in trendline and Horizontal resistance. How to draw correct horizontal line from hidden levels.
Balkrishna Inds : Cup and handle breakout possibility GAP Filling pending Long only above 2255 with SL 2200
Balkrishna Swing trade ideas to take long entry between 2185 and 2210 SL 2175 for the target price of 2250-2275. RSI on monthly and weekly trying to cross 60 levels. on daily 40-level support by RSI. Good bullish sign. Stock able to cross 50 & 200 moving average. Trade with less quantity with strict stop loss. Very hard to find good trade in these scenarios but...
In Weekly chart of BALKRISIND, we can see that it has given breakout and retesting is also done. Showing and upward momentum is a positive sign.
giving herewith my idea of "Balkrishna" for next day and week this is for knowledge purpose
Long Balkrishna Industries for 10% from 2061. Stop Loss is real-time and dynamic and will get updated if it comes to the point of doing so. Please keep an eye on the updates to this thread too.
Balkrisind should give breakout above 2240. Balkrisind Above 2240 Tgt 2280-2300-2350++ Keeping on radar Balkrisind 2240 CE
Balkrisind #weekly triangle Break out happened. Focus for longterm.
In my view balkrishna will go up today Entry 2215 SL 2200 Target 2245
Balkrisind analysis for tomorrow just for educational purpose trade at your own risk
Balkrishna 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...
A 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
#NIFTY50 , NSE:BALKRISIND is in breakout , after few days of consolidation in near breakout line ,current breaks that consolidation.
Buy Balkrishna ind @1900 Target for 2000,2050,2100,2150,2200 Cypher as well as Shark 🦈 pattern visible Stoploss 1875
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
• 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 Balkrishna Industries on Daily chart. Reversal from 2194 to form Handle.