Balkrishna industries: Analysis
Keep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.
.
Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
.
Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
.
Take trade by considering RR ratio in mind. Wait for retracement.
Nota
Entered into the trade. For safe entry wait for a retracement.Trade ativo
Good profit in progress.This stock is in an uptrend for 2 consecutive days one negative candle is possible, trail your stop loss as per your RR ratio.
Trade ativo
Still holding on to this tradeTrade ativo
Still holdingNota
Good Profit in Progress.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.