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2022 Balkrishna Industries (BALKRISIND) technical analysis [forecast] stock price targets

Balkrishna Industries technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Balkrishna Industries deals in Auto Tyres & Rubber Products Balkrishna Industries option chain analysis

Date Close Open High Low Volume
25 Tue Jan 2337.10 2325.00 2354.70 2278.35 3.18 lakhs
24 Mon Jan 2358.50 2441.00 2459.30 2332.10 1.41 lakhs
21 Fri Jan 2443.70 2461.00 2484.00 2424.25 0.95 lakhs
20 Thu Jan 2478.35 2489.90 2509.80 2458.00 1.5 lakhs
19 Wed Jan 2504.25 2500.00 2511.30 2457.95 1.69 lakhs
BALKRISIND chart

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2318.2 as stoploss in an intra day buy trade for a target of 2397.88. However, stock will show a bearish move below 2318.2.

  • Daily Price action analysis of BALKRISIND based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of BALKRISIND based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

  • Daily Price action analysis of BALKRISIND based on a mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Intraday technical analysis of Balkrishna Industries

Stock is trading at 2238.25 as on 27 Thu Jan 11:35

Day open is at 2320.40, day high is at 2323.95, day low is at 2236.80, and day volume is at 15.15 lakhs so far.

First 15 minute high low range is 2294.10 - 2323.95

First hour high low range is 2257.70 - 2323.95

Date Intraday Price Open High Low Volume
27 Thu Jan 11:35 2238.25 2320.40 2323.95 2236.80 91077
27 Thu Jan 11:30 2241.90 2320.40 2323.95 2241.00 87926
27 Thu Jan 11:25 2246.05 2320.40 2323.95 2244.75 84439
27 Thu Jan 11:20 2248.75 2320.40 2323.95 2244.75 83149
27 Thu Jan 11:15 2250.90 2320.40 2323.95 2244.75 81773
Intraday BALKRISIND chart

Prices of Balkrishna Industries are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Balkrishna Industries (BALKRISIND) intraday stock price targets

  • EntEntry: 2309.03 or 2331.2125
  • Upside target: 2323.95
  • Downside target : 2264.25
  • Second Upside target: 2384.08
  • Second Downside target : 2307.73

Balkrishna Industries (BALKRISIND) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 2337.10 2441.00 2278.35
2459.30
4.595 lakhs
21 Fri Jan 2443.70 2486.00 2424.25
2537.45
8.367 lakhs
14 Fri Jan 2489.75 2396.00 2362.20
2495.00
8.241 lakhs
07 Fri Jan 2383.85 2325.00 2290.05
2403.00
11.247 lakhs
31 Fri Dec 2323.40 2197.00 2177.75
2330.50
12.202 lakhs
weekly BALKRISIND chart

Weekly forecast of Balkrishna Industries is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Balkrishna Industries based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Weekly Price action analysis of Balkrishna Industries based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Balkrishna Industries (BALKRISIND) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Tue Jan 2337.10 2325.00 2278.35
2537.45
32.45 lakhs
31 Fri Dec 2323.40 2196.55 2065.00
2330.50
63.022 lakhs
30 Tue Nov 2174.75 2469.80 2086.05
2599.00
71.281 lakhs
29 Fri Oct 2460.10 2533.65 2380.50
2639.95
70.338 lakhs
30 Thu Sep 2533.65 2298.80 2250.00
2723.80
88.437 lakhs
monthly BALKRISIND chart

Monthly forecast of Balkrishna Industries is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Balkrishna Industries based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Monthly Price action analysis of Balkrishna Industries based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Balkrishna Industries Daily stock price targets

  • Upside daily target: 2553.1
  • Upside daily target: 2421.23
  • Downside daily target: 2281.7

Balkrishna Industries Weekly stock price targets

  • Upside weekly target: 2558.78
  • Upside weekly target: 2425.98
  • Downside weekly target: 2297.6
  • Downside weekly target: 2181.58
  • Downside weekly target: 2064.33

Balkrishna Industries Monthly stock price targets

  • Upside monthly target: 2865.63
  • Upside monthly target: 2566.83
  • Upside monthly target: 2427.05
  • Downside monthly target: 2307.93
  • Downside monthly target: 2194.2
  • Downside monthly target: 2075.35
  • Downside monthly target: 1971.55
  • Downside monthly target: 1873.93
  • Downside monthly target: 1734.19

Balkrishna Industries (BALKRISIND) indicators technical analysis

Price action analysis of Balkrishna Industries (BALKRISIND) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Balkrishna Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Balkrishna Industries in short term but the sell signal is initial and weak.

Balkrishna Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Balkrishna Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Balkrishna Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2448.57 and Balkrishna Industries BALKRISIND stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Balkrishna Industries BALKRISIND stock. Volume based technical analysis of Balkrishna Industries BALKRISIND stock is negative.

Balkrishna Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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