Divergent_trader

BALKRISIND | TRIANGLE BREAKOUT | RR 3

Long
NSE:BALKRISIND   BALKRISHNA INDS
Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.

Reasons to Buy:
__________________________
1. A good breakout with HH, HL formation out of a Triangle pattern.
2. Stock consolidating at higher levels.
3. Lows are being protected in this consolidation.

Entry : CMP
SL : 2513
Target : 3213
RR : 3

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