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BALKRISHNA IND. LTDBALKRISHNA IND. LTDBALKRISHNA IND. LTD

BALKRISHNA IND. LTD

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BALKRISIND trade ideas

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.
NSE:BALKRISIND
by manishmgupta
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! :)
NSE:BALKRISINDShort
by vraj8597
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.
NSE:BALKRISINDLong
by radha_23