Balkrishna Ind: Update to Previous Post

In my earlier post, I talked about a potential accumulation in this stock, based on the price action witnessed yesterday. The price action today doesn't evoke much confidence. Am watching this stock with interest as it could offer a trading opportunity one way or the other. If the accumulation view doesn't play out, then it could be a classic case of Wyckoff distribution. A breach of recent lows 920 will be a sign that distribution is underway and price could then slide sharply as it gets into a mark-down phase.

So. I am watching this stock with interest. I have no positions in this stock as of now. I exited today the token-quantity long positions taken towards the close y'day. Lets wait and watch !! Will share the horizontal count targets based on further confirmation from price action.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out