BALKRISIND - In Range (1730-2530) for 1 Yr This was after, 4x up 650 in Mar'20 to 2650 in Sep'21
Plan ahead to Purchase Breakout above 2400
or, rejection indications near 1600
PB 5x
PE 26x
ROCE 24%
Div 1.4%
BALKRISIND trade ideas
Inside Candle ConceptNSE:BALKRISIND
Short once the down side range is taken out for the target of 1822.
Investment with market leader Balkrishna industry it giving weekly chart in RSI divergence that means here have good risk reward and also this company is good fundamental and not a bad valuation, I think that a opportunity for picking this stock. But offcourse any investing first consern your advisor
BALKRISIND IS IN TREND LINE, BUY AFTER TREND REVERSALBALKRISIND is in trend line, buy after trend reversal. Keep stop loss below 2100. you can have 2 targets.
Balkris 1DTFLook like a downside opportunity of target 1890 and look like make retracement of 2040 and above closes makes an exit.
This is for educational purposes only.
Balkrishna Industries Ltd📊 Script: Balkrishna Industries Ltd
📊 Sector: Tyres
📊 Industry: Tyres
📈 Balkrishna Industries Ltd is giving breakout of ascending triangle on a Day time-frame.
📈 Right now RSI is around 36.
Balkrishna broke important trendlineOne should stay away from this stock untill it breaks 2070 levels.
The stock has now a potential to test 1000 levels in few months
TTT
BUY ABOVE BREAKOUTbullish engulf at bottom , with trend line breakout, stock looks strong can buy for short term
BALKRISIND - Price Action Analysis Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows.
So to find more opportunity, we have to understand and take a look from higher TF.
Weekly TF(Higher timeframe) -
As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted.
In between , A rising wedge has been created and after confined break down of Wedge its clearly followed the down trend.
So question is Where we can buy or sell ? well that answer is in daily time frame.
Daily TF -
So we have already witnessed of Rising wedge Breakdown , and volume has also reformed during the breakdown . Price again creates Lower lows and supply zone has been created at 2194 -2240 (approx. 50 point).
BUY Opportunity :
There is a Demand Zone at 1780 -1720 . if price sustains above this zone and stopped making Lower lows that where you can go with the long with small risk.
SELL Opportunity :
if price again reject from define Supply zone then you can get opportunity at sell side as well.
NOTE : Make sure you follow the price action before you entering in any position.
In Conclusion , My observation still at the down side because there is no clear direction of bullishness in weekly TF , if price comes at demand zone at mention level in the chart, there would be higher chances of Reversal so till now you can take action base on price.
If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
BAKRISHNA IND breakdown tgt 2010 given closing below 2048support broken oi showing bearish , trendline retested at smaller time frame
BALKRISIND CHANNELFollowing a channel. potential for a good upside.
Can on cmp and dip till 2075. SL- 2000
Target 2370-2450
Balkrishna Industries is trading on support for the third time, Balkrishna Industries is trading on support for the third time, there can be a bounce in it.
Balkrishna Industries is trading on support for the third timeBalkrishna Industries is trading on support for the third time, there can be a bounce in it.
long balkrishna ind above 2375we are long balkrishna industries above 2375 miantain sl below 2300 target - 3000+ long term
risk - 75 points
rewards - 625 points
risk to rewards - 1:8+
always respect risk to rewards
BALKRISHIND - ASCENDING TRIANGLE BREAKOUT📊 Script: BALKRISIND (BALKRISHNA INDUSTRIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Tyres & Rubber Products
📈 BALKRISHNA INDUSTRIES LIMITED is giving breakout of ascending triangle on a daily time-frame.
📈 it is giving breakout at upper band of BB.
📈 There is crossover in MACD.
📈 Today's Rally was with more Volume then previous trading session.
📈 Right now RSI is around 65.
🟢 Target 🎯🏆 - 2507
⚠️ Stoploss ☠️🚫 - 2291
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
BALKRISIND has breakout and retest - stay tuned!!!Triangle pattern breakout
+
Resistance breakout
+
Retest
Numbers can make the stock bounce from here
Stay tuned
Balkrishna Industries forming Triangle pattern in daily TFBalkrishna industries has formed triangle pattern in a daily time frame if strongly broke expect higher higher targets
balkrishna indconsider balkrishna ind in your analysis i would suggest buying on breakout trgts are also big so keep eye
BALKRISIND Price ActionCup and Handle Pattern and Price Action Confluence, it will give a good ROI if market is in favour.
BALKRISHNA INDUSTRIESCMP - 1977 - 14th march 2022
Possible upmove till 2060.
If crosses 2090 ~ 2100 comfortably then more upside possible till 2200 levels...
S/R plotted
Disclaimer - I am not a trained or registered analyst. I do this only for my learning.
I am not responsible for anyone's losses or profits.
balkrishna ind box breakoutbox breakout on monthly charts
p/e 30, revenue growth not stable
no excessive debt
tyre industry highly dependent on lower oil prices, not favorable
