Technical View on

BALKRISIND

operates in the tyre and rubber industry, specifically focusing on the niche segment of off-highway tyres (OHT), which includes applications in agriculture, construction, earthmoving, mining, and industrial vehicles. has given a strong bullish breakout from a falling channel on both daily and weekly charts, signaling a trend reversal after a prolonged downtrend. The stock has comfortably crossed the key resistance zone near 2650–2700, backed by good volume and RSI strength (above 69.04 on daily), showing strong momentum. It has also reclaimed all key exponential moving averages (9, 70, 100), which are now sloping upward which is a positive sign for continued upside. In the near term, the stock may face mild resistance near 2840, and a sustained close above this can open the path toward 2920 and eventually 3050 in the coming weeks. Dips toward 2630–2650 can be considered healthy pullbacks, while 2475 remains a strong support level. The trend looks bullish as long as it stays above the breakout zone. I have attached the daily chart of for your reference. Follow me for more such posts, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.