Hello!! Balkrishna industry in my view it is on a very good resistance so a great chance of reversal from here but we can't say anything with 100% accuracy because after all market is supreme if it breaks the resistance then 1350 and 1400+ lvls can also be seen. #my_view #learner
Short Term Cash Buy BALKRISIND @1275.00-1280 SL 1239 TGT 1350 TK cross over + Above VWAP + MACD indicates bullish momentum so go LONG.
Balkrishna inds gonna fall as it formed a wolfe wave . Lets the profit rain...
BALKRISIND - > Looking at chart, we can see continuous higher and high's and higher lows from past couple of trading sessions and strong bluish candle yesterday Currently at strong resistance level. Need to break this to give good upside .. however considering the strong resistance we do have two trading possibilities Incase if breaks trend line, above 1045...
as per chart
BTSTT: BALKRISIND BUY @ 869, SL 859 Target 880
SELL BALKRISIND (Balkrishna Industries Limited) BELOW 1225
BUY BALKRISIND (Balkrishna Industries Limited) ABOVE 1138
Balkrishna likely to reach 1014 by 24th feb. Currently at 961
BALKRISIND (Balkrishna Industries Limited)SELL BELOW 937
This stock is in consolidation. Chart is showing Short signal