Muhammed_Nihal

#BALKRISIND-BEARISH PENNANT

Short
Muhammed_Nihal Updated   
NSE:BALKRISIND   BALKRISHNA INDS
BALKRISIND IS FORMING A BEARISH PENNANT CHART PATTERN AND A NARROW RANGE 7 STOCK.THERE IS A HIGH PROBABILITY FOR A BREAKOUT.
GREEN LINES ARE TARGETS,RED NORMAL LINES ARE DAILY S&R AND DOTTED RED LINES ARE SHORT TERM S&R
CONSIDER THESE POINTS BEFORE ENTERING INTO TRADE;
  • WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM
  • SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE
  • FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION
  • ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT
  • DONT TRADE AGAINST TREND AND INDICES

FOLLOW FOR MORE TRADE IDEAS AND INFORMATION
Trade active
Trade closed manually:
CAUGHT A 1.5% MOVEMENT
Trade closed: target reached:
2nd TARGET ACHIEVED

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