BalkrisInd is placed at a very interesting price point. Currently trading at its supprt of 1900; there has been a formation of Cypher Harmonics Pattern.
If the pattern sustains, there is an opportunity to gain 25% upside while risking only 5%.
Will you take that chance?
P.S. - I already have !!
Harmonic Pattern - Crab D
The stock has given an entry indication.
With the current global scenario, it is a risky bet with Risk - 56% downside & possible Reward - 120% upside.
I personally have started taking positions @ avg price of $115. I am simply sharing my view, it is not an investment advice.
#WIPRO - One of my most rewarding portfolio stock. It is still available at an attractive Valuation for a long-term investment.
For short term..
Buy when it touches 21EMA or 585 levels with SL 565
In a very strong Uptrend
Gave 61.8% FIB retracement and was the best time to re-enter or accumulate.
If you are looking for a fresh entry or short-term
BUY BETWEEN 1250-1300
SL Below 1180