balkrishna

balkrishna Updated 

Previous trend: Down Trend (66 to 11) Present trend: Consolidation (price has again tested Neckline) Support: 23.90 and 16.10 Resistance: 36.55 and 49.15 Reversal Pattern: Inverse Head and Shoulder Volume: highest volume of 2.7 mn on the day downward trend line broken. Price invalidation level/stoploss: 22 on Monthly Closing Basis. Disclaimer: Only for...

balkrishna

Previous trend: Bearish (1645 to 250) Present trend: consolidation (price has reversed Downward by making higher low), Prices trading above long term averages. Support:415 and 335 Resistance: 783 and 948 Pattern: Inverse head and Shoulder breakout above 464 Volume: Volume increasing at lower levels. Sign of Accumulation. last breakout rally had highest volume. The...

balkrishna Updated 

Previous trend: Bearish (114 to 30) Present trend: Bullish (price has broke Downward trendline at 58) Support: 77 and 58 Resistance: 130 and 157 Pattern: Rounding Bottom breakout above 30 and retesting 30 Volume: highest volume of 6.92 mn on the beginning of May 2021. Last highest monthly volume was in the month Feb 2017 (8.9 mn) Price invalidation...

balkrishna Updated 

Previous trend: Consoldation (110 to 153) Present trend: Bullish (price has again tested breakout level of 153) Support: 135 and 115 Resistance: 252 and 335 Breakout: Four yearly breakout Volume: highest volume of 2.14 mn on the 19/04/2021 weekly basis (level broken 153). Price invalidation level/stoploss:115 on Monthly Closing Basis. Disclaimer: Only for...

balkrishna Updated 

double top breakdown targeting retracement.

balkrishna Updated 

The stock has rallied on smart money earlier and higher earning expectation and clocked a high of 970+ and later fell down drastically. I have noticed Pension funds buying on bulk deal column. I feel optimistic of the stock as the fundamentals and management is good and has the capabilities to pull off large infra projects. Technically, it's trading below it's...

balkrishna Updated 

The chart shows the demand and supply zone in USD-JPY pair. The pair is unable to sustain above 114.50 and below 104.50. This broader trading range is followed since year 2017 till date. The pair had broken down on wedge like pattern earlier and fell to 104.50 and then again raced back above 114. Then again the same wedge like pattern is formed and the pair has...

balkrishna

ENTERING THE MAIN SUPPLY ZONE. FALL BACK TO 200 AND 125 IS EXPECTED. FASTEEN YOUR SEAT BELTS ITS GOING TO BE A ROLLER COASTER RIDE

balkrishna Updated 

The stock is likely to fall to 55-60 levels or else it can see a phase of consolidation between 60-70 levels. I believe it can give a sharp bounce back to 120 levels (50% retracement) if 50 level (s/l) hold. Newton's third law: Every action has an equal and opposite reaction. Remember the sharper the fall, the sharper the rise.

balkrishna

The charts speaks out loud.

balkrishna Updated 

Dabur is following a cyclical pattern of fall and consolidation with a base formation around 260-265 zone. On breakout above 280, Dabur can make a upmove towards 320+ levels. a double bottom formation has also completed in 4-hourl in.tradingview.com y chart.

balkrishna

USD/CHF HAS BEEN FACING RESISTANCE FROM THE FALLING TRENDLINE. ITS LIKELY TO FALL FURTHUR. USD/CHF CAN BE SHORT IN THE RANGE 1.0050-1.0040 WITH A STOPLOSS ABOVE 1.0080 FOR TARGETS OF 0.97500

balkrishna Updated 

ADITYA BIRLA MONEY CAN POTENTIALLY BE MULTIBAGGER, REMEMBER ITS FACE VALUE IS 1, IS ONE OF THE NBFC WHICH HAS DOWNPLAYED THE MARKET. TECHNICALLY AFTER MAKING A BOTTOM AT 10 FOR A CONFIRMATION OF DOUBLE BOTTOM AND THEN A BASE FORMATION AT SUPPORT AT 20, ITS FORMING A TRIANGLE WITH A BREAKOUT ABOVE DOWNWARD SLOPING TRENDLINE. IT CAN MOVE ABOVE TO LEVELS OF 46/59/68....

balkrishna Updated 

GO SHORT AT BETWEEN 1.2490-1.2495 WITH A SL OF 1.2550 TARGET 1.2425 AND 1.2375

balkrishna Updated 

GO SHORT ON AUDUSD AT 0.7725 WITH S/L OF 0.7755 FOR TP OF 0.7686. IF THE NEXT CANDLE IS RED THEN THE DOWNWARD CURRENT WILL PLAY.

balkrishna Updated 

After the Eurjpy trendline kiss and miss episode, it's time for action reply. Go short on GBPUSD between 1.2410-1.2415 with s/l above 1.2450 for targets of 1.2358 and 1.2310

balkrishna Updated 

After a upmove, the stock was making a triangle formation and expected to break the trendline. With a sl of 258, deepak fertilizers can be short for tgt of 236 (cmp 248.50)

balkrishna Updated 

GO SHORT AT CMP 122.46 WITH SL AT 123.29 FOR TARGETS 121.50 AND 120.91.