Balkrishna Industries bearish engulfing
Updated
Balkrishna Industries formed a bearish egulfing pattern on daily chart with great volume .
It had been consolidating near a resistance but couldnt breakout and now it has formed a bearish reversal pattern..
targets can be 200 ema on daily timeframe or around 2060...
analysis is only for educational purpose
It had been consolidating near a resistance but couldnt breakout and now it has formed a bearish reversal pattern..
targets can be 200 ema on daily timeframe or around 2060...
analysis is only for educational purpose
Note
SL above engulfing candle
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