Balakrishna Industries have retested the breakout. BO is supported by good volume and the retest has less volume (All signs of Upward movement till the marked resistance) . There is a gap on the Daily TF, price may fall down to fill the gap on Daily TF.
Wait and watch will be the best scenario for the moment, if price falls below to the gap shall be the required entry signal and may rise to the marked resistance.
Above analysis for educational purpose only, not a trade recommendation.
Wait and watch will be the best scenario for the moment, if price falls below to the gap shall be the required entry signal and may rise to the marked resistance.
Above analysis for educational purpose only, not a trade recommendation.
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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.
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.