BharatJhunjhunwala

Balkrishna Industries bounced from a good support levels.

Long
NSE:BALKRISIND   BALKRISHNA INDS
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
http://www.prorsi.com