anuragtrivedi0302

BALKRISIND near to breakout

Long
NSE:BALKRISIND   BALKRISHNA INDS
After a good movement from 1100 to 1300 stock is went into correction mode.

Range bound from last 10 days.Moving between demand & supply zone .

Might be continue bullish trend or vice versa.

For breakout following points we need to consider.

Need to break resistance level 1260-1263.

Need to break resistance trendline with vol.

RSI > 50

Note - Balkrishna Industry chart is similar as previous week nifty chart, so might be result will be as Nifty .
Comment: finally breakout on last Friday.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.