Positional mid to long term 1100-1200 with final target 1520 if wave structure remains ideal.
Depending on wave 4 movement wave 5 target will vary.
Stop loss can be below 990. Follow and like my smart-work :)
Nothing is for sure in the world of stock market thing can go opposite any time. Ask your financial advisor before investing.
After a huge rally, retracement is expected, and this is a retracement trade
Overall, Balkrishna Industries is in an uptrend, so be careful
Information is given on the chart
This is an educational post
Grateful!🙏
BKT CMP: 935. There is a long unwinding on Thursday.
It will come in my short tread setup if it will sustain below the demand zone @ 920-928 the target for the next demand zone.
I will avoid this trade if it will not able to sustain below 920.
Key Levels for BERGER PAINTS :
UPPER BREAKOUT~524.85
FIRST TARGET~534.75
INTERIM RESISTANCE~543
FINAL RESISTANCE~550.85
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LOWER BREAKOUT~507.70
FIRST TARGET~500.45
INTERIM SUPPORT~493.20
FINAL SUPPORT~485.35
Please trade with caution and consult your financial adviser before trading.
Previously acted resistances
1) R 1256 (profit booking)
2) R 1319 (tradable)
3) R 1391 (final resistance)
Psychological investors' memory and intelligence are something remember forever. The above 3 resistances mentioned in the past acted are the memory of investors who will repeat as resistance in the future.
Example of Trade setup :
1st Trade:...
