Observed that the price action breaks out from the consolidation zone of 145-135 levels and closed below it, indicating further weakness ahead. The price action may further dip down to the 130, 125 levels to also fill up the big gap on the chart too.
Balkrishna Industries is in Overbought zone and RSI is also showing bearish Divergence
MACD's signal line is also forming a bearish curve and may show a crossover soon
Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move
A Bearish Engulfing pattern has been formed which shows Bears are...
took support from the EMA and closed in green today.
tomorrow in opening hour or so may show some correction but likely to end in green - rsi in buying zone
entry and sl shown on chart
don't enter the trade if the metal index goes for a big gap down tomorrow
PRICOL has given a break out from long term downtrend as well as short term consolidation.
Also it cleared 200 EMA on daily timeframe and near term resistance with huge volume.
It might retrace a little bit for good entry opportunities but has 2 major resistance areas at the levels of 44-48.