Compared to its competitors, the stock did not take part in the most recent surge. The severe decline in Brent crude prices over the previous few days is the basis for this trade's reasoning and concept. The small stop loss for this trade is set by point and figure charts rather than candlesticks. Stoploss will be lower than 1950. My stoploss is 1939, and my first target is 2125 as well as the other targets listed above. This trade is positional. NSE:BALKRISIND NSE:BALKRISIND