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Apu_3007

TECHNICAL ANALYSIS OF BALKRISHNA INDUSTRIES ON WEEKLY CHART

Long
BALKRISHNA INDS (NSE:BALKRISIND)  
Apu_3007  
NSE:BALKRISIND   BALKRISHNA INDS
Pivot Points Trend Lines Triangle
1
0
pivotpoints trendline triangle
BALKRISIND

Trading Strategy based on Yearly floor pivots and price pattern on weekly chart.
  • Go long if and only if price comes back above the channel trendline as illustrated on the chart

  • Yearly Central Pivot Range for (2022) is 2120 - 2251.

  • A close above 2251 and the upper trendline channel on weekly basis is a sign of long entry

  • Stop loss should be below 2120 , below the yearly central pivot range

  • Target 2859 yearly pivot resistance R1
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