TradingView
ParamjitMahapatro
22 Tem 2017 11:01

balkrishna ind looks bullish in short to medium term Alış

BALKRISHNA INDSNSE

Açıklama

in weekly it is in strong uptrend,

in daily, hammer formed at uptrend channel support + horizontal support, price should reverse and go up from here.

sl - 1573, 1st tgt - 1732, tgt2 - 1800

İşlem aktif

reversed and closed at 1659.25

İşlem kapandı: durdurma seviyesi

channel support broken.
Yorumlar
Parasuram
Why the stop is far away? can't it be a close just below the channel? and wont the bullishness confirm after a firm close above the hammer?
AbhishekHiremath
@Parasuram, i think a stop at 50ema 1605 should work
ParamjitMahapatro
@AbhishekHiremath, @Parasuram , yes a sl just below the horizontal/channel support would work, I put sl around the second support level, because, its result is yet to come, and volatility may rise, and some times a predefined sl may get triggered due to intraday swing.
bearishbull1968
@ParamjitMah apatro in sync. with u r view. nice trade set up :)
ParamjitMahapatro
@bearishbull1968, Thanks :)
Daha Fazla