Balkrishnaind
BALKRISHNA IND - At Retest ZoneGo Long on NSE:BALKRISIND . took a support at its Breakout Zone. Price action will define its path from this level.
Stop Loss - 2775 (Daily Closing Basis)
Target 1 - 2700
Target 2 - 3000
Only for information & Education purpose. Know your risk & Consult your financial Advisor before taking any trade.
Balkrishna Inds - Enters the Demand Zone🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Balkrishna showing signs of BullishnessThe chart is clearly indicating a Breakout of Both Parallel Channel and Resistance at the same time which is a clear sign of bullishness. Target can be achieved at 1850 levels. The only problem is with the Volume, which is still not very much satisfying, but everything looks positive for short-term trading like the swing.