BALKRISIND trade ideas
Bullish on Balakrishna Industries(1hour)
- Above 50>100>200 Moving Averages
- Trend line breakout
- Macd Crossover
- Previous Resistance is the target 🎯
balkrishna is on topshort with a stop loss of 50 points, it is traveling with a speed of 223 points a month, so here a profitable trade set up can be initiated with 1:4 risk reward.
View about Balkrishna Ind The stock in 45 minute time frame is given trendline breakout with increasing volumes. So if trade above yesterday's high they it will move further
View of Balkrishna Ind It's in consolidation mode... Will go further downside or upside only if high or low broken of the marked consolidation range.
BUY BALKRISHNA INDUSTRY ABOVE TRIANGLE BREAKOUT Go long above triangle breakout target 2160, 2195, 2300
Bullish on Balkrishna Industries Technical Analysis - ( Daily )
#BalKrishna Industries - a leading tyre manufacturing company in Agricultural ,Industrial & OTR segment
1) Trend - 50 DailyEMA acting as a good support
2) Pattern - Ascending Triangular Pattern Breakout
3) Volatility - Bollinger bands squeeze breakout & walk on the bands
4) Volume - Average Volume buildup
BALKRISIND IS GOING TO FALL ?As per my analysis I can see that Balkrisind is going to fall to level 1720-30 range.
let me know your views on this stock.
BALKRISIND Buy. Levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
BALKRISIND triple top and bottom. BALKRISIND formed triple top and bottom. Good time to go long. Let's see!
Balkrisind - ShortBalkrishna Indistries CMP - 1798.60
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell At or Below Range 1781 / Stop Loss 1805
Target 1 - 1770
Target 2 - 1760
Target 3 - 1750
Disclaimer: This is my view and for educational purpose only.
Balkrishna industries looks ready to make another ATHLook for thes support zones and target will be new ATH
