We are in this trade form Quite a beginning , but i am posting now , its going to make one more move up ,
its a basically an Continuation pattern , One can look to book if holding near the 1st Target level , and for long term also
You can look to enter after a correction of 3 wave after 1 st target is done , its very high likely will enter an side ways...
BALKRISIND has given closing above level which was last reached on Oct'18. Stock is in good positive momentum and can be played for both intraday & positional gains
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Balkrishna Industries Ltd. engages in the manufacture and sale of off-highway tires. Its specialist segments include Agricultural, Industrial and Construction, Earthmovers and Port, Mining, Forestry, Lawn and Garden, and All Terrain Vehicles (ATV). The company was founded on November 20, 1961 and is headquartered in Mumbai, India.
BALKRISIND
![BALKRISIND: [3BB] Balkrishna Short Idea](https://s3.tradingview.com/h/hKSVx4C2_mid.png "[3BB] Balkrishna Short Idea")
