Balkrishnaind
BALUSDT- BUY CHRISTMAS RALLYPreconditions:
-break out trend line
-head and shoulders
- R/R 1/5
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BREAKOUT IN BALKRISHNA INDUSTRIES-Govt is passing order to ban tyre imports for 3 years.
-Positive news for indan tyre companies.
-Crosses pre-covid levels with good volumes.
PLEASE SEE CHART FOR FURTHER DETAILS.
BUY IF SUSTAIN ABOVE : 1470
TARGET 1: 1570
TARGET 2: 1670
STOP LOSS : 1400
**These are my personal observations. Please trade at your own risk.**
Balakrishna industryHello!! Balkrishna industry in my view it is on a very good resistance so a great chance of reversal from here but we can't say anything with 100% accuracy because after all market is supreme if it breaks the resistance then 1350 and 1400+ lvls can also be seen. #my_view #learner
BALKRISIND - Long or SHort BALKRISIND - > Looking at chart, we can see continuous higher and high's and higher lows from past couple of trading sessions and strong bluish candle yesterday
Currently at strong resistance level.
Need to break this to give good upside .. however considering the strong resistance we do have two trading possibilities
Incase if breaks trend line, above 1045 - > we can look for targets 1055/1065/1072 to 1080
Incase if not able to break and reverse, can go for short below 1032 and look for targets -> 1025/1015/1007 to 1000