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BALKRISHNA IND. LTDBALKRISHNA IND. LTDBALKRISHNA IND. LTD

BALKRISHNA IND. LTD

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BALKRISIND trade ideas

BALKRISHNA INDUSTRIES BREA-KING OUT FROM CUP AND HANDLE PATTERNThe stock has been in consolidation for quite long and was forming a cup and handle pattern the red line acts as a crucial support zone for the stock and the green line acts as a strong resistance which was broken lately . The stock has given a gap up in last trading session with good volumes which increases further reliability in the stock . the stock can fire up to 3592 levels with some halts in the long run lasting 4 to 6 months However the company acts at a quite expensive PE of 34 which is way ahead of indutry average of 23 which may be cause of concerns , the piotroski score is 8 , ROCE AND ROE are balanced and above 17 also the debt is negligible also the profitability has touched sky with an increase of 40% YoY BASIS
NSE:BALKRISINDLong
by keshavmaharaj958
Balkrishna Industries LtdIts near its 52 Week low. Dividend giving stock. Promoter Holding is good & No promoter Pledged. Debt is less than reserves. Demand Zone are marked as green shaded horizontal area. Support is marked as green horizontal line at 1890, may act as small reversal point. Resistances are marked as red horizontal lines. Stoploss is marked as orange horizontal line. Price is above 200 EMA on weekly chart, this 200 EMA may act as a reversal zone. Demand Zone is from 1700 to 1550, which may act as reversal zone. Levels:- Buy 1890 - 1700 - 1550 Stoploss 1450 Tgts 2320 - 2500 - 2680 Long Term 3000 - 5000 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
NSE:BALKRISINDLong
by MasterTrader1949X
1
Balkrishna Industries share ideaInvesting in Balkrishna Industries (BKT) within the price range of 2180-2230 can be seen as a strategic move for several reasons: Strong Industry Position: Balkrishna Industries is a leading player in the off-highway tire segment, catering to agricultural, industrial, construction, and earthmoving equipment. The company's robust market position provides it with a competitive advantage and stability within the industry. Global Presence: BKT has a significant global presence, with its products being exported to over 160 countries. This global footprint indicates diversified revenue streams and exposure to various markets, reducing dependency on any single market. Growing Demand: The demand for off-highway tires is expected to rise with increasing industrialization, infrastructure development, and agricultural activities worldwide. Balkrishna Industries is well-positioned to capitalize on this growing demand, potentially leading to revenue and profit expansion. Innovative Products: BKT emphasizes innovation and invests in research and development to introduce technologically advanced products. This commitment to innovation enhances its product portfolio and keeps the company competitive in the market. Financial Performance: Before making any investment decision, it's crucial to analyze Balkrishna Industries' financial performance, including revenue growth, profit margins, debt levels, and cash flow. Ensuring the company maintains a healthy financial position is vital for long-term sustainability and growth. Risk Management: Like any investment, there are inherent risks associated with investing in Balkrishna Industries. Factors such as economic conditions, currency fluctuations, raw material prices, and competition can impact the company's performance and stock price. Before buying shares of Balkrishna Industries, conducting thorough research, considering the company's fundamentals, growth prospects, and overall market conditions is essential. Additionally, consulting with a financial advisor can provide valuable insights and help make informed investment decisions tailored to individual risk tolerance and investment objectives.
NSE:BALKRISINDLong
by rkj2108
1