BALKRISIND Structure is weekBALKRISIND Structure is the week you book Profit and make short for the Current level your Target Price is the 2085
BALKRISIND trade ideas
[ Intraday ] BALKRISIND Short 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.
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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.
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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.
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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.
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[Positional] BalKrishna Weekend Strategy Short Idea
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.
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Divergence PatternThe stock has witnessed a phenomenal upward move for the last 10 weeks. After a 10% upward move about a month back, the stock has developed a divergence pattern. Watch out for correction.
Balkrishnan Positional Shorting The stock can be shorted below the closing of the breakdown candle.
The strategy is RSI Divergence. Stock is raising but NSE:BALKRISIND the RSI is decreasing. expecting a breakdown.
BALKRISIND_FOR INTRADAYIf BALKRISHNA INDUSTRIES shows bullishness one can go long for intraday after a trendline breakout in 5/15mins TF.
(for educational purpose only)
analysis #education purpose onlyDepending upon the market condition you can take a long or short intraday trade on monday . Stock is just at the long term trend line support and also broken the short term trend line.
Balkrishna Industries - Rising Channel ViewBalkrishna Industries:
Rising Channel Breakout View
Long above 2280 with a SL 2250
Balkrishna Industries at very crucial levelBalkrishna Industries have tested 4 times resistance level in 15 min timeframe
we can go long once this resistance break or else short once get confirmation bt candle
BALKRISHNA INDUSTRIES SYMMETRICAL TRAINGLE BREAKOUTSYMMETRICAL TRAINGLE BREAKOUT after few days of consolidation
Balkrishna Industries - Waiting for a triangle BreakoutLong is high probability trade above 2225 for 2300 targets. Would take profit slightly before psychological round number 2300 kicks.
BKT giving a breakout of a symmetrical triangle1) Breakout of a symmetrical triangle
2) Close to All Time High
3) Long term uptrend comfortably intact
4) Auto Ancillary stock which derives most of its revenue from Europe and America (major +ve in the current market scenario)
5) Trend very strong with ADX at 52
Ascend higher with this ascending up/ up and up stockIn daily chart,making a consolidation pattern. In hourly,completed 5 wave wave structure in the form of ascending triangle.What else we can ask for!!! BUY above break out (2205-2210) with sl 2170-2175. Target around 2300. Standard disclaimer :this is my personal opinion,not a trading recommendation. Trade at your risk with due diligence.
Balakrishna Industries Ltd - Flag Pattern Hi Guys,
Balakrishna Industries was in the consolidation face and if the script moves above the parallel channel and closes in 1hr time frame we can go for Long.
For Risky Traders - Already a Triangle pattern was formed with in the channel. If that triangle pattern is closed above go for Long.
SL - 2155 (Closes below in the 1hr TF).
Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.
[POITIONAL] BALKRISIND : Breakout Bet.As per charts.
Do not sell before trigger. Follow strict Sl.
If SL hits before triggering Short, it becomes a Long Trade.
DD Advised.
BALKRISHAN TO TAKE LONGLong above 2145 SL 2115 TGT 2180-2200. Entry will be taken after the BO of TL. Good risk to reward trade. This is for your educational purpose only.
balkrishna longthis is very important trendline of balkrishna,it gave breakout on 17 may and retracement phase going on but closing is above trendline so hopes are alive that it may not failed breakout and we should accumaulte with sl of 1800
