TECHNICAL ANALYSIS OF BALKRISHNA INDUSTRIES ON WEEKLY CHARTNSE:BALKRISIND
Trading Strategy based on Yearly floor pivots and price pattern on weekly chart.
Go long if and only if price comes back above the channel trendline as illustrated on the chart
Yearly Central Pivot Range for (2022) is 2120 - 2251.
A close above 2251 and the upper trendline channel on weekly basis is a sign of long entry
Stop loss should be below 2120 , below the yearly central pivot range
Target 2859 yearly pivot resistance R1
