BALKRISHNA IND. LTDShort
BALKRISIND | Bearish Flag
BALKRISIND look seems to be at support but if we can figure it out, there has been quite heavy selling pressure and current condition its losing the momentum. So, Momentum Loss + Price at Support/Resistance, indicates reversals but before reversal we should check the chart patterns which in this case is quite visible that its forming bearish flag. but again, we will not short it right away, we will either wait for it to touch the upper flag channel or break and retest the flag, and then only we will enter into the trade.
Our earlier short position in Balkrisind :
Our earlier short position in Balkrisind :
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