BALKRISIND trade ideas
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 - 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.
Another Breakout TradeHello Traders! Let understand the behaviour of price movement, if we look at the BALKRISIND, it has faces almost 3 times resistance b/w the price 1725-50 at higher side and 1500-1535 on the lower side, but today it has been broken the range with the huge volume and MACD, RSI & 20 DEMA also supporting the price movement to go further higher till the level 2000 (posibilities), so i am bulish here. So trade with care! good luck!