Early Entry:
After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom...
Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
After correction stock formed really good base with volume guttering now it's giving volume spike at resistance if it break it and sustain aboue it. Than it will be really good setup.iys fir education purpose only. Am will be not liable for your any lose.
Hey There! The chart should tell you everything you need to know about NSE:BALKRISIND
Below are some additional pointers:
- Huge candle breakout: Such breakouts usually show exhaustion and loss of momentum
- Volatile long wick candles: The recent 3 Month consolidation at the resistance zone shows indecision.
- RSI has a Bearish Divergence (-Ve)
- MACD...
This stock is continuously falling...
now this stock is near to its demand Zone...
look for long opportunities in this stock.
Drop base drop or Drop base reversal chances are more, rise expected from Demand Zone.
keep safe.
📝 In this educational technical analysis, I would like to discuss BALKRISIND. Understanding key technical terms and patterns, such as pennants and ascending triangles, can help new traders identify potential trade setups. Remember, I am not a SEBI registered analyst, and this analysis is solely for educational purposes.
BALKRISIND experienced a bull run from...
Balkrishna Industries Ltd. is engaged in the business of manufacturing and selling Off-Highway Tyres (OHT) in specialist segments such as Agricultural, Industrial and construction, Earthmovers and port, Mining, Forestry, Lawn and garden, and All-Terrain Vehicles (ATV) Tires. Balkrishna Industries Ltd CMP is 2568.55.
The Negative aspects of the company are High...
📉 **BALKRISIND - Completing Correction Structure**
Balkrishna Industries is in the final stages of its correction, delineating an ABC correction structure.
📈 **Swing Trade Analysis:**
The optimal buying zone for a swing trade is identified between 2508 to 2487, with a structured stop-loss set at 2472.
💼 **Trade Metrics:**
Anticipate an attractive Risk/Reward...
Balkrishna Industries has given a good breakout in weekly timeframe with a proper retest of the trendline and a bullish candle.
It is also giving a horizontal resistance breakout.
Keep in watchlist!
NSE:BALKRISIND
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Balakrishna indus stocks 2 week before break out resistance place. But now again came re test place.
And previous week red candle like spinning top candle so, we will wait for this week candle.
Ascending Channel has been formed in BALKRISHNA INDUSTRIES.
What i'm anticipating is continuation as it as broke the resistance along with H&S schematic that it formed near the support trendline and also restested it after breakout.
Expected Targets are:
TP1 - 2449.35
TP3 - 2550
TP3 - Resistance trendline
BALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Rising wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2850+.
✅Can Go Long in this stock by placing a stop loss below 2420 -.
