Buy Balkrishna Industries above 2372, Target 1 = 2400, Target 2 = 2446 SL = 2240. Reason for trade, price has taken support above previous swing high (see the green line price 2312.10) and has formed bullish outside reversal candle which is bigger than average candle size. if price starts treding above previous day high then target 1 and target 2 is possible.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Trade closed: target reached:
Both targets done in just 2 days. Magic of Outside Reversal candle and proper breakout retest.