TradersHunt

BALKRISIND | Multiple Bottoms but no sign yet

TradersHunt Updated   
NSE:BALKRISIND   BALKRISHNA INDS
BALKRISIND is trading at multiple bottoms, ie support levels but there is not sign of reversal yet. However one can carefully trade it. One can go long with SL below today's low.
Comment:
We went long at 948 with SL 942. Looking for double bottom support.
Comment:
Booked at 57. This will be used as reserves for further stoploss.

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.