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Balkrishna Industries

Discussion in 'Technical Analysis' started by jignesh_acharya, Feb 15, 2015.

  1. jignesh_acharya

    jignesh_acharya Active Member

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    Balkrishna Insutries stock has given the breakout recently
    can we buy with CMP 702 with SL 686, Target-750-800?
     
    jignesh_acharya, Feb 15, 2015
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  2. yankeedin

    yankeedin Responder

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    Looks fine, but 720 may act as resistance. better buy if closes above 720 for target of 800
     
    yankeedin, Feb 15, 2015
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  3. shabbir

    shabbir Administrator Staff Member

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    I don't see support at 686 and so may not be ideal for SL.
     
    shabbir, Feb 16, 2015
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  4. jignesh_acharya

    jignesh_acharya Active Member

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    You are right, I think there was a some mistake actually it was 665, Originally it shold like CMP 702, SL 665 with target of 780-800.
    However stock fell down yesterday with CMP 674, lets wait for some time and then we will see.
     
    jignesh_acharya, Feb 17, 2015
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  5. shabbir

    shabbir Administrator Staff Member

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    Yes nice to be waiting now.
     
    shabbir, Feb 17, 2015
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  6. jignesh_acharya

    jignesh_acharya Active Member

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    What is your opinion now? stock has given nice rally in last some days
     
    jignesh_acharya, Apr 11, 2015
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  7. shabbir

    shabbir Administrator Staff Member

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    Rallied too much now. Better to avoid as ROI with SL of 600 would be tough. The wait was not this long and see how it performs in a day or two.
     
    shabbir, Apr 12, 2015
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