BALKRISIND trade ideas
BALKRISHNA INDUSTRIES , BUY SETUP FOR SHORT TERMA BUY SETUP FOUND ON BALKRISHNA
BALKRISHNA , A FUNDAMENTALLY SOUND STOCK FOR MEDIUM AND SHORT TERM RETURNS
WEEKLY RESISTANCE BREAK OUT DONE AND RETESTED IN DAILY CHART FRAME
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A BUY FROM HERE FOR PHENOMINAL RETURN CAN BE EXPECTED
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TAKE CALL ON YOUR OWN RISK
Is Balkrishna dancing?If the scrip takes support around current levels, it might push towards 1515 and 1554 levels.
Rest you can see it on the chart.
Regards
Buying Opportunity in Balakrishnainds...!!!1
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
Balkrishna Cup BreakoutBalkrishna Industries cup pattern Breakout, Very Good Company, Manufacturing of big size tyres
140 points move in 3 days from supportPrice moved 140 points from the support and it was a big move and money as well. 1400 will act as resistance level for the current up move and All time high is very near by !
So from the above it is clear that when price is trading at the support try buying it with small stop loss ( previous low / just below the support )
SHORT POSITIONAS BKT IS IN UPTREND SO THIS IS GONNA BE A RISKIER TRADE .........AS WE SEE BKT RESPECTS TRENDLINE ALSO RSI SHOW WEAKNESS GOING TO SHORT AFTER MACD CROSSOVER AND ALSO TRADE ACCORDING TO THE SENTIMENTS OF THE MARKET........
One Right Trade's Swing Trade Idea #155 : Long on BALKRISIND This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Head & Shoulder Formed in Balkrishna Ind. Head & Shoulder Formed in Balkrishna Ind. very good long position opportunity buy @ 1480 to 1500, stop loss- 1280, Target 1 - 1595 and Target 2 - 1789. (only for education purpose and demo trading)
Rounding bottom pattern with Ratio chart breakout It has formed a rounding bottom pattern after 2 years consolidation. It has showed Relative outperformance wrt benchmark index for quite a long time. Ratio chart has given a clear breakout. 40% upside is possible in days to come. R:R is favourable as of date.
BALKRISHNA IND all set for 40% Gains in under a YearI can see it easily doing Rs.2000 in under an Year.
2 YR Rounding Bottom Breakout are Terrific.
Rare Opportunity to Buy this Good Stock
BuyBuy at 1450 and 1400 Target 1700
Disc : I am already invested in stock. Please do your research before taking a trade based on published information.
Balkrishna Industries on fire after breakoutBlakrishna Industries gaining momentum after bullish pattern breakout can add gains to the rally with potential tgt of 1640/1700+
[PRZ] BalkrisInd Short TradeShort Trade
Entry Range: 1414.85 - 1419
SL: 1431.9
Target: 1401,1388,1375
