BALKRISIND - Weekly AnalysisIn the Weekly Chart of BALKRISIND ,
we can see that, it has given a breakout from Trendline.
Let it retest and then Enter with SL.
BALKRISIND trade ideas
BALKRISINDNSE: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
Balakrishna industries for 15th FebBalakrishna industries view for tomorrow 15th Feb
Descending channel breakout already happened at 2180 level
Now again fall expecting if sustain below 1974
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
BALKRISIND Sell for intraday tradingBALKRISIND Sell for intraday trading if stock break the given support level.............
BALKRISHNA INDUSTRIES risky result betcmp 2306
sl 2240
target 2429
tested breakout and showing momentum before result
RESULT BET RISKY
BUYING BALKRISHNA 2400CE AT 24 HERO ZERO TRADE
We Can Short BALKRISIND If open Gap-Down.Balkrishna IND If open Gap Down below 2300 then,
Sell Below 2300.
SL 2308
Target 2240.
Balkrishnabalkrishna made cup n handle pattern on daily TF & broke above neckline of 2270(happens to be multiple resistance zone which rejected multiple times) with good volumes.
Could be bought with mentioned stoploss & target.
BalkrishnaBalkrishna made flag pattern & comfortably trading above breakout level.
Not to be missed breakout.
Risk:Rewar Ratio in favour of bulls.
Could be bought with mentioned stoploss & targets.
BALKRISIND Buy for intraday tradingBALKRISIND Buy for intraday trading if stock break the given resistence level..............
BalkrishnaBalkrishna broke out of descending triangle with good volumes on 30 min TF & also broke above yesterday's high.
Could be bought with mentioned targets & stoploss.
BalkrishnaBalkrishna made triangle pattern on 30 min TF & its on the verge of breakout with good volumes.
Could be bought with mentioned stoploss & target.
BALKRISHNA looking tringular break out . Keep watch on Budget announcement.
as construction bussiness stock giving good retrun
BalkrishnaBalkrishna made triangle & inverse H&S pattern on hourly charts with decent volumes & is on the verge of breaking neckline.
Could be bought with mentioned stoploss & targets.
BalkrishnaBalkrishna made inverted head & shoulder pattern on an hourly chart & trading above neckline with good volumes.
Could be bought with mentioned stoploss & target.
Reversing from support line trade with minimum capital and maintain a proper a stoploss. It is a high risk and reward trade
BALAKRISIND INTRADAYBalakrisind 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
BALKRISIND LONG (INTRADAY NOV 24)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.
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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 !!!!
balkrisindA lot of trendlines are providing resistance at this point so it could go lower, short at your own risk
Balkrishna Industries Levels & Strategy for near futureDear 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 trading skills and please do consult your financial advisor before trading.
Balkrishna Industries has posted weak results. Also announced a dividend of Rs 4.0 per share on 07/Nov/2022 with record date of 22/Nov/2022. Company sales rose 28.2% (QOQ) BUT NET PROFIT DECLINED BY 2.2% (QOQ). Company's achievable capacity will remain at reduced level amid ongoing global issues.
Balkrishna Industries has not given guidance for future due to ongoing global/European issues. Company's business growth is pretty muc dependent on global economy. Balkrishna Industries exports may get impacted in coming quarters. Retail investors should make use of recent up move to exit higher level/book the profit & stay away till ongoing global issues get sorted.
BALKRISIND bounced from its supportNSE: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 are not made from following ideas, but by following Risk Management .
