BALKRISIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.1

📊 Chart Patterns & Trend: BALKRISIND is consolidating after a correction from its 52-week high of 2,930 ₹. The current price (2,365 ₹) is slightly above the 50 DMA (2,350 ₹) but below the 200 DMA (2,467 ₹), indicating short-term strength but medium-term resistance. The stock is trending sideways with bullish undertones supported by momentum indicators.

📈 Moving Averages:

- Price above 50 DMA shows short-term support.

- Trading below 200 DMA suggests medium-term resistance.

- Sustained move above 2,470 ₹ could trigger a breakout toward 2,600–2,700 ₹.

📉 RSI: At 52.8, RSI is neutral to slightly bullish, indicating balanced momentum with room for upside.

📈 MACD: Positive (11.7), showing bullish crossover and strengthening momentum.

📊 Bollinger Bands: Price is near the mid-band, confirming consolidation with potential breakout signals.

📊 Volume Trends: Current volume (99,476) is slightly above the 1-week average (90,144), suggesting steady participation and accumulation.

🎯 Entry Zone: 2,340–2,360 ₹ (near 50 DMA support).

🎯 Exit Zone: 2,600–2,650 ₹ (near resistance trendline).

⚡ Support Levels: 2,350 ₹ and 2,152 ₹.

⚡ Resistance Levels: 2,467 ₹ and 2,930 ₹.

Positive

• Strong ROE (15.5%) and ROCE (16.5%) indicate efficient capital use.
• EPS of 70 ₹ supports long-term earnings visibility.
• Dividend yield of 0.68% provides income return.
• FII holdings increased (+0.20%), reflecting foreign investor confidence.

Limitation

• High PEG ratio (7.76) suggests expensive valuation relative to growth.
• Quarterly PAT declined from 287 Cr. to 265 Cr. (-24.3%).
• DII holdings decreased (-0.16%), showing reduced domestic investor interest.
• Stock trading below 200 DMA reflects medium-term resistance.

Company Negative News

• Quarterly profit decline raises concerns about earnings momentum.
• Stock corrected from its 52-week high of 2,930 ₹.
• DII outflows (-0.16%) may weigh on sentiment.

Company Positive News

• EPS of 70 ₹ provides strong valuation support.
• FII inflows (+0.20%) reflect confidence in long-term growth.
• MACD positive, showing bullish momentum.

Industry

• Industry P/E at 31.0, slightly lower than BALKRISIND’s 33.8, suggesting modest premium valuation.
• Tyre and rubber sector outlook remains steady with demand from automotive and export markets.

Conclusion

⚖️ BALKRISIND is consolidating with neutral RSI and positive MACD, showing short-term bullish signals but medium-term resistance. Traders may consider entry around 2,340–2,360 ₹ with exits near 2,600–2,650 ₹. The stock is consolidating, awaiting breakout above 2,467–2,930 ₹ for trend continuation.