Stock Name - Balkrishna Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at current price
and more bullishness AFTER crossing 2450.
#This is not Buy and Sell recommendation to any one. This is for...
📈 Balkrishna Ind. 📉
My Findings :-
1. Breakout from a swing high and Resistance Zone.
2. Close above March high.
3. Higher High and Higher Low formation.
4. Auto Sector is in Uptrend.
Bias- Long
Target- 2397, 2516 and 2692
SL- 39450
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer...
The Share of Balkrisind is good fundamental company the share in the strong bull control you can aad this share in your watchlist, i am strong bullish on the chart. #investingclubs
