BALKRISIND trade ideas
Balkrisind Long!!!!Few days back BO give above 1410 with good volume and trade was shared
All time high-11514
now 1410 resistance becomes good support and good volume seen near this support
support zone of demand zone---1336 to 1195(which is also fibo retracement 78.6% and 61.8%)
bullish in all time frame
comfortably sitting above all important moving average
very bullish structure
LONG TERM PICK "BALKRISHNA INDUSTRIES"Watch out Friends, Looking For A Very Good Upside In Coming Days..
Please note that m not a SEBI registered analyst, posting my views what i am personally trading as well.
Balkrishna IndustriesShorts can be initiated as fifth wave is completed.
First target can be 1400 and then 1240
Balkrisind Bullish Bias Target OpenHighly Bullish Stock
Can be bought at CMP levels or if retraces
Buying in Dips
Stop Loss 1290 levels
Target is Open
BALKRISHNA INDS good short candidateBalkrishna spot cmp 1555
Bearish equivalent ABCD pattern formation
PRZ in range 1580 to 1600
Trade to be initiated only after reversal from prz zone
SLZ above 1640 levels
Down side we can se 1480--1450--1410 levels
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.
