#balkrishnaindustries As told earlier, above 1380 a confident up move, below 1350 it weak...More probability of up move...
#Balkrishna Industries tested 0.618 Fib today and resting there... Need to see if crosses the trendline and 0.5 ratio.
Watch for the 0.618 or current levels for reversal in Balkrishna to go Long
If Breakout Sucessful only then have to long balkrishna target should be marked in the chart ...
i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
BKT is repeatedly forming these triangle formations.