BALKRISIND has broken a major trendline..! Is it time to short?

BALKRISHNA INDUSTRIES LTD.BSE

Description

⋅ May 7, 2020 3:35 AM

BALKRISIND has broken a major trendline. Is it time short?

I believe that there are chances for a fibonnachi 50 retracement. But if we get a breakdown at this level then we we could see a sharp fall.

Comment

⋅ May 7, 2020 3:37 AM

Please do share your thoughts on this. It will help me as well as others to take better trading decisions.

Trend Analysis Technical Indicators

Comments

dineshvm

⋅ May 9, 2020 3:31 PM

Confirmation needed for the reversal in the trend .As u see price were in the range and volumes were contracted .
we can see continuous rejection at 914. we can go short if price close below 846 with huge volume .