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.
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.