BALKRISIND - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – BALKRISIND

IntraDay Trade Rating: 4.1

Balkrishna Industries offers a relatively strong short-term setup for intraday trading today, backed by bullish momentum indicators and above-average trading volume. While its recent quarterly profit decline and lofty PEG ratio temper aggressive expectations, price action and technicals favor a cautious long bias.

📈 Technical Insights

RSI (64.4): Approaching overbought territory — suggests strength, but stay alert for potential reversal signals.

MACD (53.7): Strong bullish crossover and widening spread — confirms trend continuation.

Price (₹2,736) is comfortably above 50-DMA (₹2,607) and 200-DMA (₹2,650) — bullish momentum intact.

Volume (6.03L) is above the 1-week average (5.07L) — confirming active interest today.

🏦 Fundamental Snapshot

ROE (15.8%) & ROCE (16.7%): Solid operational efficiency.

Debt/Equity (0.31): Low leverage — supports stability.

PEG (15.1): Expensive relative to growth — limits upside expectations.

Quarterly profit drop (-41.2%): Watch for potential impact on market sentiment.

Positive DII flow (+1.08%) vs FII outflow (-0.96%): Mixed institutional behavior.

🧭 Intraday Strategy

✅ For Fresh Entry

Buy Zone: ₹2,730 – ₹2,738 (ideally on a mild pullback with confirmation candles)

Profit Booking Range: ₹2,755 – ₹2,770 (near short-term resistance)

Stop Loss: ₹2,722 (protects against sudden trend reversal)

⏳ If Already Holding Today

Exit Triggers to Monitor

RSI pushes above 67–70, but price stalls below ₹2,760.

MACD flattens despite price rise — sign of fading momentum.

Volume drops below 5L after 1:30 PM IST ⇒ interest cooling.

Best Exit Window: Between 2:15–3:00 PM IST, especially if ₹2,760 level shows resistance and indicators begin to stall.

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