Equipment for agriculture, machines. Tractors outdoors.
| Photo Credit:
Kyryl Gorlov
The stock of Balkrishna Industries has been rallying over the past week. It rebounded from the support at ₹2,275. Early this week, the scrip surpassed the hurdle at ₹2,450 and made a higher high. The prevailing price action gives the stock a bullish outlook. In the near term, the price is likely to hit ₹2,780. Note that when the stock reaches ₹2,600, there might be some consolidation or a minor correction. But eventually it will rally past this level to touch ₹2,780.
Video Credit: Businessline
Therefore, buy the stock now at ₹2,505 and accumulate if the price dips to ₹2,460. Place initial stop-loss at ₹2,400. When the price touches ₹2,625, revise the stop-loss to ₹2,525. Trail the stop-loss to ₹2,625 when the stock moves up to ₹2,700. Exit at ₹2,780.
Note: The recommendations are based on technical analysis. There is a risk of loss in trading.
Published on September 19, 2025