Company Overview: Balkrishna Industries Ltd (BALKRISIND)
- Industry: Tyres – Specialty Tyres
- Founded: 1961
- Headquarters: Mumbai, India
Business Model of Balkrishna Industries Ltd
Balkrishna Industries Ltd. (BKT) is an Indian multinational company that manufactures off-highway tyres (OHT). Their tyres are primarily for niche markets such as:
- Agriculture
- Construction
- Industrial
- Earthmoving
- Mining
Key Points of Balkrishna Industries Ltd
- Their focus is export-oriented – more than 75% of revenue comes from international markets.
- Europe is their largest market.
- The company is specialized in high-performance and niche specific tyres.
- They have significantly scaled their R&D and manufacturing capabilities.
- Financially stable company with consistent profits and dividends.
Chart Analysis of Balkrishna Industries Ltd
Current Market Price (CMP): ₹2,709.70
Timeframe: Daily Chart (1D)
Chart Zones & Levels of Balkrishna Industries
- Minor Support (Current Month Low): Around ₹2,620
This support is weak, there is doubt whether the price will be able to sustain at this level.
- Swing Liquidity + Demand Zone: ₹2,420 – ₹2,500 (highlighted green zone)
This is a strong demand zone. Past accumulation and buyers appear active here.
Strategy Setup in Balkrishna Industries
Entry Plan:
If price comes in the demand zone of ₹2,420–2,500 and forms a bullish candle (e.g., Bullish Engulfing, Hammer, Pin Bar) then that will be entry confirmation.
Entry Trigger: First bullish confirmation candle in demand zone.
Stop Loss(SL):
The confirmation candle will have a low SL.
The SL range can be roughly 3%–4%.
Target Levels(TP):
TP1: ₹2,925.35
TP2: ₹3,151.60
Reward-to-Risk Ratio (RRR):
Entry from ₹2,450 approx, SL: ₹2,375 (around 75 pts),
TP1: 475 pts | TP2: 700 pts
RRR approx: 1:6.3
Total Expected Return:
From Demand Zone to TP2:
₹3,151.60 – ₹2,450 = ₹701.60 gain
% Gain = ~27.83% (as shown in chart)
Best Zone for buying & Why:
Strongest Zone: Demand Zone (₹2,420–2,500)
Because there is swing liquidity below this zone, from where reversal chances are high.
Weak Zone: Minor Support (₹2,620)
Price has already come below it, and buying interest is low here.
Investment & Trading Disclaimer:
This analysis is only for educational purpose. Investing/trading in the stock market is associated with financial risk. It is essential to seek advice from your financial advisor or research expert before taking any position. Past performance is not a guarantee of future performance.
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