Balkrishna industries: Analysis

11 Eyl 2020

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.

11 Eyl 2020

Not

Entered into the trade. For safe entry wait for a retracement.

14 Eyl 2020

İşlem aktif

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.

29 Eyl 2020

İşlem aktif

Still holding on to this trade

5 Eki 2020

İşlem aktif

Still holding

14 Eki 2020

Not

Good Profit in Progress.