Balkrishna Industries Balkrishna Industries:
Asc. Triangle: Monthly Basis. Price BreakOut & Sustained. Good to Go.
Strong Vol. Consolidation & Continued BuiltUp.
RSI: 1H=1D>W>M. With the US & Europe expecting to see Upside now in their economics, this can show a strong Upside.
Do your own Research as well. Happy Investing 😇
BALKRISIND trade ideas
BALAKRISIND-- Resistance @2260 level. the stock is trending upwards in daily time frame.
now the price is facing resistance @2240 range.
If price breaks this resistance we have an immediate resistance @2260 range.
now the stock is looking weak in buy side, if it will sustain above 2180 range we will observe some bullish momentum again.
if price breaks 2180 and demand at 2160 level failed to act as support, we will observe a fall again.
keep track this instrument.
we have demand zone @2100 range, will acts as support.
keep use alerts in this stock at respected levels.
BALKRISIND NEAR BREAKOUT LEVEL. #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 may reverse and trade lower, so traders should also have a stop loss in place to manage risk.
Overall, #BALKRISIND is showing potential for a bullish move, and traders should consider this opportunity in their trading strategies.
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