03.09.2024 Buy-2916 Target-3196 Stop Loss-2372 Risk Reward-1:1.5 1. Consolidation breakout 2. It has bounced from resistance turned to support zone by creating double bottom 3.Volume- Good volume accumulation 4. 200 EMA Rejection. About to cross 21 & 50 EMA 5. Exact rejection at 0.5 Fibonacci level 6. RSI Entered to bullish zone from over sold level
Early Entry: After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom... Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
The price of NSE: BALKRISIND did breakout from previous all time high and resistance zone with a gap. This could possibly be a breakaway gap with high volume. The gap was tested this week and bulls held the breakout. Looks like decent chances of continuation from here.
Hey There! The chart should tell you everything you need to know about NSE:BALKRISIND Below are some additional pointers: - Huge candle breakout: Such breakouts usually show exhaustion and loss of momentum - Volatile long wick candles: The recent 3 Month consolidation at the resistance zone shows indecision. - RSI has a Bearish Divergence (-Ve) - MACD...
📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes. BALKRISIND experienced a bull run from...
Balkrishna Industries Ltd. is engaged in the business of manufacturing and selling Off-Highway Tyres (OHT) in specialist segments such as Agricultural, Industrial and construction, Earthmovers and port, Mining, Forestry, Lawn and garden, and All-Terrain Vehicles (ATV) Tires. Balkrishna Industries Ltd CMP is 2568.55. The Negative aspects of the company are High...
NSE:BALKRISIND One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#BALKRISIND is currently trading near a resistance area, with a possible breakout above 2160+ closing. If the breakout occurs, the price could fill the upper gap space and reach targets of 2263, 2333, and 2433. Traders should keep a close eye on #BALKRISIND and look for confirmation of the breakout before entering a long position. If the breakout fails, the price...
Balkrishna Inds CMP 2028 Buy above 2050 SL 1980 Target 2200/2300++
NSE:BALKRISIND One Can Enter Now ! Or Wait for Retest of the Trendline (BO). Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Balakrisind breakout in downtrend channel and sustained with strong closing both price action and our Trading system in buy mode with defined entry sl target best for intraday pick.Already grabed 20K in 1900 ce nov month. now moving to December month all levels shared for education purpose only.we are not sebi registered
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. . BALKRISIND Daily : Stock has given huge bullish momentim on daily. 15 min : It has broken Descending triangle. *Wait for the retest and we could see an upside movement. THANK YOU !!!!
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
NSE:BALKRISIND mid cap stock bounced strongly from its support. Pros: Consistent increase in profit Low PE ratio Consistent dividend payout Moderate debt to asset ratio Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits...
Bal Krishna Ind 15 min chart 1. Bearish divergence in RSI 2. LTP: 1967.15 3. Resistance zone: 1974 to 1983 4. Support zone: 1918 to 1925 Sell on rise 1. I think that the support zone might be compromised 2. Risk to reward ratio is very good
📊 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...
consider balkrishna ind in your analysis i would suggest buying on breakout trgts are also big so keep eye
Reversed at support and can expct 60 to 80 point gaiin