Overall Technical outlook

Price Summary

Balkrishna Industries Limited's stock, on 2026-02-02 opened at 2290.2, climbed to a high of 2327.3, dropped to a low of 2226.1, and closed up 0.16% at 2293.8, with 173624 shares traded.
Throughout the 52-week period, the stock hit a high of 2824.9 and a low of 2211.9.
The projected price range for Balkrishna Industries Limited is between 1979.0 and 3195.0, with an expected mean price of 2387.4443, according to 18 analysts.

Technicals

Support and Resistance: The price of 2293.8 is supported at 2232.0 and faces resistance at 2299.8. This range suggests key levels for BALKRISIND where the price may stabilize, with 2232.0 acting as a support and 2299.8 as a cap on gains.
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Support/Resistance for BALKRISIND


Aroon: Aroon's bearish trend continues, with Aroon Down staying at the 100 level. This persistent downward pressure suggests further declines, but further analysis with other indicators is needed to confirm the trend's potential impact for Balkrishna Industries Limited.
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Aroon chart for Balkrishna Industries Limited


Bol. Bands: The current price has remained below the lower Bollinger Band since the last move, indicating strong downward pressure in the market. This position suggests that the market may be oversold, with continued bearish momentum expected. The prolonged stay below the band points to a potential continuation of the trend unless a reversal occurs, making it an important factor for traders to consider.
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Bolinger Bands chart for Balkrishna Industries Limited


Parabolic SAR: The PSAR remains bearish, establishing a resistance level that could cap any potential upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for BALKRISIND.
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Parabolic Stop and Reverse chart for Balkrishna Industries Limited


Stochastic: The Stochastic K-line's descent below the D-line and under 20 suggests a mildly bearish outlook for BALKRISIND. This indicates that the market may face some pressure to the downside, though the bearish tone is moderate. Investors should consider this as a potential early warning sign.
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Stochastic chart for Balkrishna Industries Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral for BALKRISIND, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Tripple SMA chart for Balkrishna Industries Limited


To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.