Saturday, July 9, 2011

Balkrishna Industries Ltd.( BALKRISIND) A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


BALKRISIND  closes  at  $ 166.30 with a gain of +1.30%   on 08 July 2011 with formation of White Candle &  Expanding Triangle Pattern on Daily  Price Chart.. Technically,  BALKRISIND is  looking extremely Bullish   on Charts. Major Momentum Indicators are in Bullish zone. Buyer-Seller Force Index,RSI, Ultimate Trend Cycle & Twinggs Money Flow & TAIO are looking Bullish on  Daily Price Chart. It has formed a Rising Sun Pattern on EOD Chart, making it Bullish for Mid/Long Term.
We Recommend to BUY  -    BALKRISIND at CMP
Target- 206.40
Stop-Loss – 161.25/151.10
Time Frame- 10-30 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com .

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