BALKRISHNA IND. LTDShort
Analysis for Balkrishna Industries
https://www.tradingview.com/x/SOOJGRMn/
We have a Fresh Supply formed in the left side which is a Source Supply and a Monthly Fresh Demand which is a Destination Demand.
https://www.tradingview.com/x/zxTymrvN/
Price has come into the Monthly Supply area, after reacting to the Monthly Supply, Price in Weekly chart has violated its previous low which confirms the downtrend and we have a freshly formed Weekly Supply to short into.
https://www.tradingview.com/x/HPjFCY9Q/
So we have a Weekly Supply with a 5 : 1
We have a Fresh Supply formed in the left side which is a Source Supply and a Monthly Fresh Demand which is a Destination Demand.
https://www.tradingview.com/x/zxTymrvN/
Price has come into the Monthly Supply area, after reacting to the Monthly Supply, Price in Weekly chart has violated its previous low which confirms the downtrend and we have a freshly formed Weekly Supply to short into.
https://www.tradingview.com/x/HPjFCY9Q/
So we have a Weekly Supply with a 5 : 1
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