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BALKRISHNA IND. LTD
Long

BALKRISIND

By CourtroomInvestments

  • In June, the stock gave a Triangle breakout, suggesting that the consolidation phase is likely to resume on upside.
  • Then in July, the Monthly MACD crossed over its Trigger line, suggesting more strength in the chart.
  • Considering past crossovers, price should witness an up-move to at least 4400 (261.8% FR), and optimistically 6100 (423.6% FR).
  • Worst case scenario for the stock is 1690.
Chart PatternsTechnical IndicatorsTrend Analysis
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