Balkrishna industries: Analysis
Updated
Keep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
.
Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
.
Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
.
Take trade by considering RR ratio in mind. Wait for retracement.
Note
Entered into the trade. For safe entry wait for a retracement.Trade active
Good profit in progress.This stock is in an uptrend for 2 consecutive days one negative candle is possible, trail your stop loss as per your RR ratio.
Trade active
Still holding on to this tradeTrade active
Still holdingNote
Good Profit in Progress.
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