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.

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