BALKRISIND trade ideas
BALKRISIND - stock at important resistance levelsSTOCK IS AT IMPORTANT RESISTANCE LEVELS. BREACHING WITH VOLUME SHOULD BE A STRONG BREAKOUT
Balkrishna Industries#balkrishna 1415-18 is the resistance zone now. Possible scenarios for this are indicated on chart. Above 1415 buy and if breaks 1400 then weak.
BalkrishnaINDS Intraday ViewBalkrishnaINDS:
Intraday :: Can Break Support
Below 1329 can show 1315, 1295
SL 1337
Balkrishna IndBalkrishna ind CMP 1388..add on dips till 1340..Upside 1405/1420/1435/1445/1455..Support 1320
BALKRISHNA INDUSTRIES - INTRADAY AND POSITIONAL LEVELSBALKRISHNA INDUSTRIES:
INTRADAY LEVEL
BUY ABOVE 1352
SL 1329
TARGET: 1359, 1365, 1374
BALKRISHNA INDUSTRIES:
POSITIONAL LEVEL - CLOSING BASIS
BUY ABOVE 1361
SL 1300
TARGET: 1359, 1364, 1375, 1390, 1410
Posting for Educational purpose only
Closing Basis means stock need to trade above 1361 between 3:20 ~ 3.30 PM
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BALKRISHNA INDIt continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis.
Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones give a trend based signal with momentum both in terms of price and time.
BalkrishnaInd - Intraday View -- Can Break supportBalkrishnaInd:
Intraday View
Can Break a Good support
Short below 1339 with SL 1352
Short Balkrishna IndustriesShort Balkrishna Industries Below 1344 SL 1375 1st Target 1305 and 2nd Target 1280
Balkrishna Industries Low RSI and an ideal short candidate till 1255, strong support area. Has strong resistance at 1514 levels on the higher side.
Not a SEBI Authorized Advisor. Chart analysis are for my own trading purpose.
BALKRISIND - Good Long Positional Opportunity Two rejecting candle on D timeframe above 50 EMA and ST , price is will willing to go up. One can go long for a Target of 1500 and SL as PDL.
just sharing my point of view on stocks and indices. just sharing my point of view on stocks and indices. TRADE RESPONSIBLE
