Kinnari_Prajapati

Would you like to trade with setup before reversal...?

Short
NSE:BALKRISIND   BALKRISHNA INDS
Previously acted resistances
  • 1) R 1256 (profit booking)
  • 2) R 1319 (tradable)
  • 3) R 1391 (final resistance)

Psychological investors' memory and intelligence are something remember forever. The above 3 resistances mentioned in the past acted are the memory of investors who will repeat as resistance in the future.

Example of Trade setup:

1st Trade: Sell 1319 nearby
2nd Trade: 1391 nearby

Pullback is your targets as per below following:
First, pull-back is easy and for very short term traders: 1196 nearby
The second pull-back is at 1124 and,
The third is correct and perfect pullback which is at 1021 nearby

HIT:
Tail is important for this stock.
Increasing volume is the sign of Reversal Or favour of pullback.

I will update accurate level for trade is you want, please comment for it.
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