Analysis for Balkrishna Industries
We have a Fresh Supply formed in the left side which is a Source Supply and a Monthly Fresh Demand which is a Destination Demand.
Price has come into the Monthly Supply area, after reacting to the Monthly Supply, Price in Weekly chart has violated its previous low which confirms the downtrend and we have a freshly formed Weekly Supply to short into.
So we have a Weekly Supply with a 5 : 1
