BALKRISIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of BALKRISIND (Balkrishna Industries Ltd)

📊 Trend Overview

Current Trend: Mildly bullish

Status: The stock is currently trending upward, but momentum is weakening. Price action is above the 50-DMA but below the 200-DMA, indicating a mixed short- and medium-term outlook.

📈 Moving Averages

DMA 50: ₹2,457

DMA 200: ₹2,581

Current Price: ₹2,505

🔹 Price is above the 50-DMA but below the 200-DMA, suggesting short-term strength but medium-term resistance. A close above ₹2,581 would confirm a stronger uptrend.

📉 Momentum Indicators

RSI (14-day): 61.7 — Bullish zone, but not yet overbought.

MACD: -0.49 — Slightly bearish crossover, indicating weakening momentum.

Volume: 1.86 lakh vs 1-week avg of 2.08 lakh — Slightly below average, suggesting reduced participation.

📊 Bollinger Bands

Price is near the middle band, indicating neutral volatility. No breakout or breakdown signal currently.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,457 50-DMA, immediate support

Support 2 2,300 Previous swing low

Resistance 1 2,581 200-DMA, key breakout level

Resistance 2 2,700 Minor resistance zone

Resistance 3 2,850 Medium-term target if momentum improves

🎯 Entry & Exit Zones

Optimal Entry: ₹2,450–₹2,500 range on pullback with volume confirmation.

Exit Zone: ₹2,580–₹2,700 for short-term traders; ₹2,850+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD weakening, RSI healthy, and price above 50-DMA suggest mild bullishness.

A breakout above 200-DMA with volume would confirm trend continuation.

Weak quarterly profit (-39.8%) and declining FII holding may limit upside.

🧭 Summary

Trend: Mildly bullish with resistance overhead

Momentum: Mixed; RSI supports upside, MACD signals caution

Technical Rating: 3.8 — Neutral to mildly bullish, with breakout potential above ₹2,581

Would you like a comparison with peers like MRF or Apollo Tyres to assess sector rotation?

Edit in a page