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BALKRISHNA IND. LTDBALKRISHNA IND. LTDBALKRISHNA IND. LTD

BALKRISHNA IND. LTD

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BALKRISIND trade ideas

STOP-LOSS HUNT....What Is Stop Hunting? Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and can present a unique opportunity for investors who seek to trade in this environment. -Investopedia. Who does this? Institutions that trade in large volumes. Technically, the script was trading near its supply zone. A breakout from this zone can be seen in the charts. But, just ahead of this breakout we can see a sharp sell-off almost taking the price to its demand zone. This sell-off would have encouraged more traders to sell or go short in their positions thereby creating huge liquidity for the institutions who wanted to go long or buy in large volumes (more sell orders from retail people - more shares available for institutions to buy). Immediately following this, we can see the script going up by 20% thereby giving losses to those who had short positions. The traders who had a long view would have lost because of the initial sell-off. The traders who had shorted would have lost because of the massive rally that followed the sell-off.
NSE:BALKRISINDEducation
by Stock-Holmes
[ Positional ] BALKRISIND Long Trader : R ratio is 1 : 2 Rest as per Charts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:BALKRISINDLong
by Prem_Agrawal
Balkrishna Inds - Enters the Demand Zone🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:BALKRISINDLong
by PrakWorld_Traders