Get started
BharatJhunjhunwala

Balkrishna Industries bounced from a good support levels.

Long
BALKRISHNA INDS (NSE:BALKRISIND)  
BharatJhunjhunwala  
NSE:BALKRISIND   BALKRISHNA INDS
Trend Analysis Chart Patterns Technical Indicators balkrishnaind NIFTY BANKNIFTY Technical Analysis ichmoku
0
0
trendanalysis chartpattern indicator balkrishnaind nifty banknifty technicalanalysis ichmoku
BALKRISKHNA INDS: The stock has took support at an important level and bounced back. The price action is strong – a bull sash pattern. Also noticed a bounce & support at the KS & TS line (both pointing north). Chikou free above the prices and kumo. RSI into bullish zone just below 60 while MACD is strong above 0. The stock is into bullish momentum and expected to keep its trail up, the next big resistance is close to 960, a close above 900 will further reassure bulls.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
www.prorsi.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.