BALKRISIND - Technical Analysis

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

Technical Rating: 4.1

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

📉 Trend Overview

Current Price: ₹2,736 is above both the 50-DMA (₹2,607) and 200-DMA (₹2,650), indicating bullish momentum.

Trend Status: The stock is trending upward, forming higher highs and higher lows. However, recent profit contraction and high PEG ratio suggest caution.

📊 Momentum Indicators

RSI (64.4): In the bullish zone, nearing overbought territory. A reading above 70 could signal a short-term pullback.

MACD (53.7): Strongly positive, confirming bullish momentum.

Volume: Current volume (6.03L) is above the 1-week average (5.07L), indicating strong participation and buying interest.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹2,607 Support

200-DMA ₹2,650 Support

Price > DMA Bullish

📌 Bollinger Bands

Price is near the upper band, suggesting strong momentum but also a potential short-term pause.

Bands are expanding, indicating volatility and trend continuation.

🔍 Support & Resistance Zones

Level Type

₹2,650 Strong Support (200-DMA)

₹2,600 Intermediate Support

₹2,800–₹2,850 Resistance Zone

₹3,375 Major Resistance (52W High)

🎯 Entry & Exit Zones

Entry Zone: ₹2,600–₹2,650 (on pullback with volume confirmation)

Exit Zone: ₹2,850–₹3,375 (near resistance and 52W high)

⚡ Short-Term Signals

MACD crossover and price above key moving averages signal bullish continuation.

RSI is strong but approaching overbought.

Volume surge supports the uptrend.

🧭 Summary

Technical Rating: 4.1

Trend: Bullish

Momentum: Strong

Strategy: Buy on dips near ₹2,600–₹2,650 with a target of ₹2,850–₹3,375. Monitor RSI for signs of exhaustion and volume for breakout confirmation.

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