BALKRISHNA INDS NSE:​BALKRISIND

During Year 2018, stock is nicely moving in upward channel. Every time its took support near lower line (78.6%) of Channel & manage to bounce till 127.2% of previous down fall. After that took resistance near 127.2% & falling till minumum 78.6% of upmove. As per previous chart dated 26.08.2018 though our trading SL hit but stock nicely respected its resistance ...

The stock has sound 1/1 support in the range 1107-1140 in short term. The stock is expected to move up to 1500 in short/ medium term

During Year 2018, stock is nicely moving in upward channel. Every time its took support near lower line of Channel & manage to bounce till 127.2% of previous down fall. After that took resistance near 127.2% & falling till minumum 78.6% of upmove. This time again stock has taken resistance @ 127.2% of last down move & fallen. Will History Repeat ? Other Details ...

Refer Charts for Levels

REFER CHART FOR LEVELS

trade explained in chart

We had this in our watchlist. Bought today.

Buy abv 1192 SL lot of the day

trade as per level mentioned in chart

Fundamental: Buying it. It fell due to capex expansion. It has to come up. Technical : Swing

BalkrisInd missed to post earlier. It can be shorted on any rise. Expected to come down to 1240-50 if Breaks the middle point. which is minimum target from here.

big breakout likely- accumulate

Long Above 1420 Target 1430 & 1440 Sl - 1409

Entry and Exit Points: Entered on 10 Aug 18 at 1268.75 with CBSL at 1214.05 TSL 0.00% update on 14 Aug 18 from 1214.05 to 1218.55 TSL 0.00% update on 24 Aug 18 from 1218.55 to 1297.40 Current Trailing Stop loss = 1297.40 In case of hitting stop loss confirmed profit of 28.65 points.

enter trade only after it hits immediate support

A breakout stock, pull back in place. If available in the range of 1330 buy with an SL keeping a target above 1380 and second target can be at 1400.

see the price falling to 1328

butterfly pattern is possible , if wave end below sl