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BALKRISHNA IND. LTDBALKRISHNA IND. LTDBALKRISHNA IND. LTD

BALKRISHNA IND. LTD

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BALKRISIND trade ideas

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
Amazing breakout on Weekly / Daily Timeframe - BALKRISINDCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:BALKRISINDLong
by Yoyohoneysingh93
SWING IDEA - BALKRISHNA INDUSTRIESFor savvy traders seeking the next big opportunity, Balkrishna Industries is now in the spotlight with a breakout that demands attention. Reasons are stated below : After multiple tests, Balkrishna Industries has triumphantly closed above the key resistance level at 2675, signaling a decisive breakthrough. The stock has shattered a robust consolidation spanning over two years, suggesting a potential shift in the underlying market dynamics. A bullish hammer formation, engulfing the preceding candles, provides a strong visual cue of bullish momentum, enhancing the appeal of this breakout. Balkrishna Industries has not only breached but also taken out all previous highs, showcasing the strength of the current upward movement. The stock's ability to establish constant higher highs underlines a sustained bullish trend, offering traders confidence in the stock's positive trajectory. With the price trading above both the 50-day and 200-day EMAs, the technical landscape indicates that the trend is intact, adding another layer of confirmation to the breakout. Target - 3144 // 3361 StopLoss - weekly close below 2506 @visionary.growth.insights
NSE:BALKRISINDLong
by Visionary_Growth_Insights