BALKRISIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | BALKRISIND | Market Cap | 42,626 Cr. | Current Price | 2,203 ₹ | High / Low | 2,801 ₹ |
| Stock P/E | 34.9 | Book Value | 567 ₹ | Dividend Yield | 0.73 % | ROCE | 12.2 % |
| ROE | 11.4 % | Face Value | 2.00 ₹ | DMA 50 | 2,224 ₹ | DMA 200 | 2,349 ₹ |
| Chg in FII Hold | 0.13 % | Chg in DII Hold | -0.17 % | PAT Qtr | 295 Cr. | PAT Prev Qtr | 375 Cr. |
| RSI | 49.8 | MACD | -8.22 | Volume | 59,587 | Avg Vol 1Wk | 77,571 |
| Low price | 2,015 ₹ | High price | 2,801 ₹ | PEG Ratio | 6.06 | Debt to equity | 0.37 |
| 52w Index | 23.9 % | Qtr Profit Var | -18.5 % | EPS | 63.2 ₹ | Industry PE | 21.8 |
- 📈 Chart Patterns: BALKRISIND is trading at 2,203 ₹, consolidating after testing highs of 2,801 ₹. Support lies around 2,180–2,200 ₹, resistance near 2,250–2,280 ₹. Trendlines suggest sideways consolidation with mild bearish undertone.
- 📊 Moving Averages: Price is slightly below 50 DMA (2,224 ₹) and 200 DMA (2,349 ₹), indicating short-term and medium-term weakness.
- 📉 RSI: At 49.8, RSI is neutral, showing balanced momentum without strong signals.
- 📉 MACD: Negative (-8.22), confirming bearish momentum in the short term.
- 📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation with limited volatility.
- 📊 Volume Trends: Current volume (59,587) is below weekly average (77,571), showing reduced participation and weak conviction.
- 📌 Momentum Signals: Entry zone around 2,180–2,200 ₹; exit zone near 2,250–2,280 ₹.
- 🔄 Trend Status: Consolidating with mild bearish bias.
Positive
- EPS of 63.2 ₹ provides earnings base.
- Dividend yield of 0.73% offers shareholder return.
- FII holdings increased (+0.13%), showing foreign investor confidence.
Limitation
- Price below both 50 DMA and 200 DMA signals weakness.
- MACD negative, showing bearish bias.
- PEG ratio of 6.06 highlights expensive growth prospects.
- Volume below average, reducing breakout potential.
Company Negative News
- PAT declined to 295 Cr. from 375 Cr. (-18.5%).
- DII holdings decreased (-0.17%), showing reduced domestic support.
Company Positive News
- EPS remains strong despite profit decline.
- FII inflows provide marginal support.
- Dividend yield adds shareholder value.
Industry
- Industry P/E at 21.8 highlights sector trading at lower multiples.
- Tyre and rubber sector remains cyclical, linked to auto demand and raw material costs.
Conclusion
BALKRISIND is consolidating with mild bearish bias, supported by neutral RSI but capped by weak MACD and price below key moving averages. Entry near 2,180–2,200 ₹ offers tactical positioning, with exit targets around 2,250–2,280 ₹. Fundamentals remain supportive with EPS and dividend yield, but profit decline and stretched valuation warrant cautious trading with strict stop-loss discipline.
Would you like me to extend this into a swing trade outlook with medium-term targets, or refine it into intraday trading signals for sharper entries and exits?