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Technicals for Balkrishna Industries Limited
By MusingTheNews
2025-07-16 20:25
Overall Technical outlook
Price Summary
On 2025-07-15, Balkrishna Industries Limited's stock opened at 2649.8, reached a high of 2677.8, dropped to a low of 2649.6, and closed up 0.84% at 2672.0, with a trading volume of 926996 shares. For the 52-week period, the stock's highest price is 3345.85, and the lowest price is 2273.2. BALKRISIND's future price is expected to lie between 1910.0 and 3195.0, with an average expectation of 2533.5264, as per the recommendations of 19 analysts.
Technicals
Support and Resistance: The price sits at 2672.0, supported by 2564.65 and resisted by 2730.85. This indicates a trading range where 2564.65 provides a floor, preventing declines, and 2730.85 acts as a ceiling, limiting further price increases for BALKRISIND. Support/Resistance for BALKRISIND
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Balkrishna Industries Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Balkrishna Industries Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for BALKRISIND. Parabolic Stop and Reverse chart for Balkrishna Industries Limited
Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, pointing to the potential onset of a bearish price move. This setup could indicate that the market's recent gains are starting to reverse, possibly leading to a downturn. Traders should monitor this closely for further bearish signals. Stochastic chart for Balkrishna Industries Limited
Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for BALKRISIND, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Tripple SMA chart for Balkrishna Industries Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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